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Where are money stored in a bank?

Updated: 9/24/2023
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Q: Where are money stored in a bank?
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A strongroom in a bank where valuables are stored?

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Where does your money get put when you put it in the bank?

It depends on the type of account. In case of Deposit accounts (CD's, FD's) - A small portion of the money gets stored in the banks safe deposit vaults and the rest is lent out to other customers as loans In case of Checking/Current accounts - All the money remains in the bank's safes because they are as good as liquid cash and the bank doesn't lend it out to anyone


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How a man use the bank?

I stored my canoe in the reeds along the western bank of the river.


How black money stored?

Black money is something used in India. It is what money that is earned on the black market is called. This money is often stored in Swiss banks.


What is the Money placed in a bank?

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Where is money kept?

Money is kept in the bank. The bank is big so it will surely enough will be able to fit into the bank where they put the money. Money will be taken out when you want to withdrawal your money.


Why do you receive interest on money that you keep in the bank?

The bank is paying you (compensating you) for the use of your money. When you borrow money from the bank, you pay them interest.