Question
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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