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INTERVIEW QUESTIONS ACCOUNTS SWEEP ACCOUNT DETAILS
Question :
What is Sweep Account?
Category Sweep Account Interview Questions
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Added on 9/1/2014
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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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