What are sweep accounts? Why have they led to a significant decline in the total legal reserves

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What are sweep accounts? Why have they led to a significant decline in the total legal reserves held at the Federal Reserve banks by depository institutions operating in the United States?

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Bank Management and Financial Services

ISBN: 978-0078034671

9th edition

Authors: Peter Rose, Sylvia Hudgins

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Question Posted: Oct 31, 2014 10:47 AM

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What are sweep accounts? Why have they led to a significant decline in the total legal reserves

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A sweeps account is a service provided by banks where they ...View the full answer

Bank Management and Financial Services

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