Sweep Accounts

question 3

Multiple Choice

Sweep accounts

• A)have made reserve requirements nonbinding for many banks.
• B)sweep funds out of deposit accounts into long-term securities.
• C)enable banks to avoid paying interest to corporate customers.
• D)reduce banks' assets.

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Definitions:

Atomic Open Sentence

A type of statement in logic, which contains at least one variable, and becomes a proposition once the variables are replaced by specific values.

Compound

A substance formed from two or more elements chemically united in fixed proportions, or in logic, a sentence that combines two or more atomic sentences with logical connectives.

Atomic

Relating to atoms, the basic units of matter and the defining structure of elements.

Symbolize

To represent ideas, concepts, or objects with symbols.