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    Financial Institutions Management
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    Exam 19: Liability and Liquidity Management
  5. Question
    A Sweep Account Is a Strategy That Dis Offer Customers
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A Sweep Account Is a Strategy That Dis Offer Customers

Question 18

Question 18

True/False

A sweep account is a strategy that Dis offer customers where a high reserve ratio demand deposits are automatically transferred out of customer's accounts on Friday into higher-interest-bearing savings accounts.

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