Why do banks not want to hold cash? - Study24x7
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01 Jan 1970 05:30 AM study24x7 study24x7

Why do banks not want to hold cash?

Banking
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  • Dev kumar

    • Income is not generated by cash. Both lending money out and investing it are preferred.
    ·Large transactions involving cash call for a significant amount of government paperwork.
    ·Cash is heavy to transport and takes up a lot of storage space.
    ·Cash management is expensive, including counting, auditing, and theft prevention.

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    Reply 01 Jan 1970 05:30 AM
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