A Sweep Account Is a Checking Account That ________

question 86

Multiple Choice

A sweep account is a checking account that ________.

• A)bears interest, allowing depositors to write checks without tying up money for a specific period of time
• B)never has funds as they are drawn from a master account
• C)automatically moves all funds in a company's checking account above a predetermined minimum into an interest-bearing account
• D)need to be reviewed and updated on a regular basis

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Definitions:

Resources

Inputs or factors used in the production of goods and services, including labor, capital, land, and technology.

Efficiently

Performing or functioning in the best possible manner with the least waste of time and effort.

Production Possibilities Curve

A graphical representation showing the maximum quantity of goods and services that can be produced within a given set of resources and technology.

Efficiently

Achieving maximum productivity with minimum wasted effort or expense.