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Why should money be kept in the bank?

Updated: 9/18/2023
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13y ago

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There has not been money in this country for decades. That's an entirely different discussion, though. The only real perks to putting your bills ("notes") in the bank are the interest you accrue and the convenience that comes with a checking account and check card.

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13y ago
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Q: Why should money be kept in the bank?
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Related questions

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.


Is there a name for where the money is kept in a bank?

vault


What happens to your money in the bank?

your money is problably not kept in the bank but its loaned to other banks and other banks loan to your bank


Building where money is kept OR the sides of a river?

Bank


What is the name of a room in a bank where money and valuables are kept?

Safe


What is the name of the room in a bank where money and valuables are kept?

Safe


Where is money kept before it is released to banks?

Usually at the central bank


Where in the bank is money kept?

In a time locked safe in a secure, hidden room.


How much money is in a bank?

There is no way to determine how much money is kept in a bank at any certain point. It varies day to day and at certain times of the day


In My Name is Earl - Where is Earls money kept?

In the first season Earl kept the money in his car. Then they empounded it and Joy found out and tried to come up with the money to get the car out of impound so she could get at the money. Don't know what happened to it after that-he probably kept it in the bank.


Why did banks fail during the great depression?

People kept on getting money after money and the bank didn't have any more money to give out


Why bank is called financial intermediateries?

Bank is financial service provider.Ist time i will say who r deposited in bank? the answer is who has surplus of money.that unit is called SFU( surplus economic unit) and bank is kept that money ,when depositors money is more in bank,then after bank gives the loan deficts who has able to return of that money in the bank with interest.but suddendly if the depositors want to his or her money for need to bank,then bank gives the money with cutting the certain fixed interest rate.