Question

Where do banks keep the majority of the deposits made by their customers?



A. It is stored in a vault at the bank.
B. It is stored in a vault at the bank's parent institution.
C. It is sent to the appropriate Federal Reserve Bank.
D. It is sent to the Federal Deposit Bank in New York.

Answer 1

It is A, a vault at the bank

Answer 2

I think its C

Answer 3

Not all banks have a vault