what types of money do banks typically hold?\nthe money held by banks today is in electronic form only.\nthe…
what types of money do banks typically hold?\nthe money held by banks today is in electronic form only.\nthe money held by banks is in the form of paper currency only.\nthe money in banks in the united states is always in us currency.\nthe money in banks includes currency, debit and credit cards, and gold ingots.
Answer
Brief Explanations:
Banks hold different forms of money. Electronic - money is common but not the only form. Paper currency is also held. In the US, banks can hold foreign - currency too. Debit and credit cards are not money themselves but are instruments for accessing money. Gold ingots are not a typical form of money held by banks in the normal sense of day - to - day banking operations. Currency (both paper and electronic) is a common form.
Answer:
None of the above options are entirely correct.