IIA
IIA-CFSA · Question #127
IIA-CFSA Question #127: Real Exam Question with Answer & Explanation
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Question
At the end of the day all funds in a non-interest bearing checking account are cleared out and moved into a short-term investment account overnight. At the beginning of the next day, those funds are put back into the regular account for use that day. Such accounts are called:
Options
- AZero-balance accounts
- BSweep Accounts
- CLock Boxes
- DNone of these
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