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.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q13: An accounting system in which the reserve
Q14: Although they are subject to reserve requirements,
Q15: Managing the reserve position of a U.S.bank
Q16: Short-term CDs often are priced competitively with
Q17: One method of reducing the risk of
Q19: Why do FIs face a return or
Q20: Retail CDs are time deposits with a
Q21: Buffer reserves at DIs are<br>A)reserves in excess
Q22: Michelle has maintained an average balance of
Q23: Because of penalties imposed for early withdrawal,