True of asset management accounts

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Reference no: EM131625172

Which of the following is true of asset management accounts?

Limited free checking of available balance

Deposits are protected by the Securities Investor Protection Corporation (SIPC)

Borrowing and investing facility unavailable to accountholders

Fixed annual fees and account charges on deposit account

Sweeping of excess balances into money market deposit account (MMMF)

Reference no: EM131625172

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