A financial innovation that enables banks to avoid the "tax" from reserve requirements by taking any balances above a certain amount in a corporation's checking account at the end of the business day and investing them in overnight securities th
pay interest is called a ________.
A) money market mutual fund
B) deposit rate ceiling
C) sweep account
D) disintermediation
C
Business
You might also like to view...
____________ A series of thick and thin vertical lines (bar codes), readable by computerized optical scanners, that represent numbers used to track products.
Fill in the blank(s) with the appropriate word(s).
Business
Which of the following is also known as a "cafeteria plan?"
A) employee stock purchase plan B) employee stock ownership plan C) flexible benefit plan D) personal life benefit plan E) profit sharing plan
Business