Sweep Accounts Which Were Created to Avoid Reserve Requirements Became

question 90

Multiple Choice

Sweep accounts which were created to avoid reserve requirements became possible because of a change in

• A)deposit ceilings.
• B)technology.
• C)government rules.
• D)bank mergers.

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Definitions:

Distribution

The process of delivering products or dispersing information across various locations or to multiple recipients.

Mission Statement

A concise declaration of an organization's core purpose and focus that remains unchanged over time, guiding its paths and actions.

Organization

An arranged group of people working together towards common goals, structured to achieve effectiveness and efficiency.

Document Control

The practice of managing and regulating documents in a systematic and efficient manner to ensure their accuracy, quality, and integrity throughout their lifecycle.