The old Hollywood stereotype of a bank vault filled with stacks of cash protected behind a massive door is mostly going by the wayside. Instead of keeping large cash inventories in one place, banks spread the money around to branches or wherever else customers need it.
May 28, 2013 at 12:00 AM
1 minute read
The old Hollywood stereotype of a bank vault filled with stacks of cash protected behind a massive door is mostly going by the wayside.
Instead of keeping large cash inventories in one place, banks spread the money around to branches or wherever else customers need it. That reduces risk and the cost of maintaining a cash inventory, giving the bank one more competitive edge.
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