The Corporate Sweep Account Is an Account

question 18

Multiple Choice

The corporate sweep account is an account

• A) that allows companies to maintain zero balances in their checking accounts, with their excess cash moved into an interest-earning account.
• B) that allows companies to write checks on zero balance accounts with the understanding that when the check is presented for payment, money will be moved from the interest-bearing account to the appropriate payment account.
• C) that allows companies to move their lockbox collections into an interest-bearing checking account.
• D) that allows companies to maintain zero balances in their checking accounts, with their excess cash moved into an interest-earning account and lets companies write checks on zero balance accounts with the understanding that when the check is presented for payment, money will be moved from the interest-bearing account to the appropriate payment account.

---

Definitions:

Labor Disputes

Conflicts between employers and employees or between unions and management concerning conditions of employment, wages, and workplace rights.

Southern Elites

The wealthy and influential plantation owners and politicians in the American South, especially prominent before the Civil War.

Federal Infringement

Federal Infringement refers to actions by the federal government that overstep or violate constitutional rights or powers reserved to the states or individuals.

Assassinated

The act of killing a prominent or public figure, often for political reasons.