Money sold to the vault includes which of the following denominations of coins?

Study for the Bank Teller Assessment Exam. Explore flashcards and multiple choice questions featuring hints and explanations. Prepare for success and enhance your career!

The correct choice includes nickels, dimes, quarters, and halves because these are all standard denominations of U.S. coins that are typically used in commercial transactions and held by banks. These denominations are part of the currency that is circulated among the general public, and they are crucial for making change and facilitating everyday transactions.

When a bank sells money to the vault, it is generally referring to the circulation of U.S. coins that will be used at registers, ATMs, and for customer transactions. The denominations mentioned in the correct choice are commonplace and familiar to customers, making them essential for the bank's operations. In contrast, foreign currency and certain denominations like pennies may not be as relevant for typical selling to vault operations, as they may not be needed as frequently in standard transactions.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy