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INTERVIEW QUESTIONS ACCOUNTS SWEEP ACCOUNT DETAILS
Question :

What is Sweep Account?

Category Sweep Account Interview Questions
Rating (4.0) By 16 users
Added on 9/1/2014
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Answers:

Source: CoolInterview.com

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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