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Question
People keep their savings with banks because ______.
Options
It is safe
It earns interest income
It can be withdrawn any time
All of these
MCQ
Fill in the Blanks
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Solution
People keep their savings with banks because it is safe, it earns interest income and it can be withdrawn any time.
Explanation:
Banks provide security, liquidity, and a return on the deposits, making them a reliable place for savings. They ensure the safety of savings, pay interest to the depositors, and allow easy access to funds whenever needed.
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