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If you're a giant financial institution, would you want to count, hold, warehouse, secure and move around $100 million in $100 bills? It weighs roughly the same
by sarah180 7y ago
If you're a giant financial institution, would you want to count, hold, warehouse, secure and move around $100 million in $100 bills? It weighs roughly the same amount as a car.
It's the same reason I keep my money in a bank with no interest even though I sometimes have to pay ATM fees when I need it: the convenience and security offset the costs.