A Sweep Account Automatically "Sweeps" All Funds in a Company's

question 60

True/False

A sweep account automatically "sweeps" all funds in a company's checking account above a predetermined minimum into an interest-bearing account, enabling it to keep otherwise idle cash invested until it is needed to cover checks.

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Definitions:

Employment Discrimination

Unfair treatment of employees or job applicants based on race, gender, age, religion, nationality, disability, or other protected characteristics.

Negro League

A league of baseball teams that was active primarily in the United States among African American players when racial segregation prevented them from playing in the major leagues.

Entrepreneurship

The process of designing, launching, and running a new business, which typically starts as a small business, such as a startup company.

Entrepreneur

An individual who initiates, manages, and assumes the risks of a business or enterprise, aiming for economic profits.