Retail Sweep Accounts

question 39

Multiple Choice

Retail sweep accounts

• A)have caused the amount of required reserves held by banks and other depository institutions to increase dramatically in recent years.
• B)are a financial innovation that allows depository institutions to shift customers' funds out of checkable accounts that are subject to reserve requirements and into highly liquid money market deposit accounts (MMDAs) that are not.
• C)have made it easier for the Fed to implement monetary policy.
• D)All of the above.

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Definitions:

Painting Department

The painting department is a specific section within a manufacturing or production company responsible for painting and finishing products.

Income

Income is the financial gain earned or received by an individual or entity, typically through work, investments, or business operations.

Departments

Distinct units within an organization, each focusing on a specific area of the business or a particular line of products or services.

Calculate

To determine or ascertain by mathematical methods; compute.