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  • INTERVIEW QUESTIONS ACCOUNTS SWEEP ACCOUNT DETAILS
    Question :
    What is Sweep Account?
    Category Sweep account Interview Questions
    Rating (0.6) By 293 users
    Added on 9/1/2009
    Views 1538
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    Answers:

    A sweep account is actually a combination of two or more accounts at a bank or financial institution. It is useful in managing a steady cash flow between a cash account where scheduled payments are made from and an investment account where the cash is able to accrue a higher return.



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