A Checking Account That Never Has Idle Funds-Because It Draws

question 42

Multiple Choice

A checking account that never has idle funds-because it draws funds from an interest-bearing master account to cover checks written-is called a:

• A) zero-balance account.
• B) money market account.
• C) deficit account.
• D) sweep account.

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Definitions:

Allergic

Having an immune response to a substance that is harmless to most people, often leading to symptoms like itching, swelling, or difficulty breathing.

Childhood Illnesses

Diseases and health conditions that are commonly experienced or contracted by children.

Strep Throat

A bacterial infection characterized by sore throat and fever caused by Streptococcus pyogenes.