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.

Name: 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.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This statement accurately describes a sweep account strategy offered by Dis.

A Sweep Account Is a Strategy That Dis Offer Customers