CIBNBanking Principles

A sweep account:

AIs cleaned monthly
BAutomatically moves idle balances into higher-yield instrumentsCORRECT
CIs for charity
DIs staff-only
AI
Toaster Teacher
Why the answer is B, and why the others tempt you.
Sweep accounts automatically move excess balances into higher-interest instruments and sweep back when needed.
Want this in Pidgin, Yoruba, Igbo or Hausa? Sign up free →

Practice more Banking Principles questions

CIBN Banking Principles has thousands more questions like this — with Worked answers on every one.