Banks offer services such as checking and savings accounts. What do banks do with most of the money they receive in deposits from customers?

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Kolby Hoover

13 October, 22:03

Banks offer services such as checking and savings accounts. What do banks do with most of the money they receive in deposits from customers?

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Claire Hurst · Answer 1

Usually banks are investing that money in other ventures for themselves. They are able to do this because they assume that everyone will not come and withdraw all of their money at once.