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🫵🏾 Wayne DuPree

@WayneDupreeShow ↗

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Last Checked Feb. 20, 2023

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Sun Feb 12 16:21:12 +0000 2023

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🫵🏾 Wayne DuPree @WayneDupreeShow

How much money do banks hold in cash? Banks tend to keep only enough cash in the vault to meet their anticipated transaction needs. Very small banks may only keep $50,000 or less on hand, while larger banks might keep as much as $200,000 or more available for transactions. — PolitiTweet.org

Posted Feb. 12, 2023

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🫵🏾 Wayne DuPree @WayneDupreeShow

Will there be a financial crisis in 2023? Unfortunately, this slowdown in economic activity will likely come with a cost: According to Bloomberg's December 2022 survey of economists, there is a 70% chance of a recession in 2023. — PolitiTweet.org

Posted Feb. 12, 2023

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🫵🏾 Wayne DuPree @WayneDupreeShow

How much cash do millionaires keep in the bank? Studies indicate that millionaires may have, on average, as much as 25% of their money in cash. This is to offset any market downturns and to have cash available as insurance for their portfolio. — PolitiTweet.org

Posted Feb. 12, 2023