Sweep Accounts Are a Relatively New Product Offered by Banks

Sweep accounts are a relatively new product offered by banks. Some characteristics include:

A) Customer funds are swept out of demand deposits and into time and savings deposits overnight to earn interest
B) Customers can earn interest or, conversely save paying interest by having their revolving loans paid down overnight
C) Since time and savings deposits carry no reserve requirements, the machinations of the sweep accounts . cause reduced legal reserve levels at the participating banks
D) All of the above
E) Choices A and B only