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Which of the following happens when you deposit your money in a bank savings account?
The bank sets aside your money in a small vault just for you.
The bank loans your money to others as home or auto loans.
The bank invests your money into stocks that you select.
The bank uses the money to pay the wages of the bankers.

Answer :

EthanY2306

Answer:

The bank loans your money to others as home or auto loans.

Explanation:

I did the test

The activity done by the banks when an individual deposits the money into his/her respective savings account is that the banks loans that money in respect if any home loan or auto loan.

Option B is correct.

What is a bank?

A bank is a place where the individuals have their bank accounts opened as per their own requirements. It can be a current account or a saving account.

Saving account is an account where the account holder deposits or holds some amount of money in their accounts which could be used in the times of need. This amount has been utilized by the banks in respect of providing loans facility to the borrower under some terms and conditions. The loans are usually relating to housing loans or loans for automobiles.

Therefore, the correct option is option B.

Learn more about the banks in the related link:

https://brainly.com/question/15062008

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