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The Sweep accounts: to. allow banks to transfer funds from transaction accounts to MMDA accounts. b. customer account balances change. c. they reduce a bank's

The Sweep accounts:

to. allow banks to transfer funds from transaction accounts to MMDA accounts.

b. customer account balances change.

c. they reduce a bank's statutory reserve reserves.

d. all of the above

e. only a and c

It is the type of credit available to satisfy liquidity needs and that have the ability to repay using market sources of funds or that can get out of a bankruptcy situation in an orderly fashion:

a. primary credit from federal reserve loans

b. emergency credit from federal reserve loans

c. secondary credit from federal reserve loans

d. seasonal federal reserve loan credit

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