Sweep Accounts Question:
Download Questions PDF

What is Sweep Account?

Answer:

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.

Download Sweep Accounts Interview Questions And Answers PDF

Previous QuestionNext Question
Explain what is the cost sheet?How sweep account actually works?