Class 6 Exam > Class 6 Questions > We should keep our savings with banks because...
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We should keep our savings with banks because
- a)It is safe
- b)Earns interest
- c)Can be withdrawn anytime
- d)All of above
Correct answer is option 'D'. Can you explain this answer?
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Most Upvoted Answer
We should keep our savings with banks becausea)It is safeb)Earns inter...
Keeping savings with banks is beneficial for several reasons. First, it ensures the safety of your money, as banks are regulated and insured. Second, savings accounts earn interest, allowing your money to grow over time. Finally, you can access your funds anytime, either by visiting a branch or using an ATM.
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We should keep our savings with banks becausea)It is safeb)Earns inter...
Why we should keep our savings with banks:
Safety:
- Banks provide a safe and secure place to keep our savings.
- They are regulated by government authorities and have measures in place to protect our money from theft or loss.
Earns interest:
- By keeping our savings in a bank account, we can earn interest on our money.
- This means our savings will grow over time without us having to do anything.
Can be withdrawn anytime:
- Unlike other investment options, money kept in a bank account can be easily withdrawn whenever we need it.
- This provides us with liquidity and easy access to our funds in case of emergencies or unexpected expenses.
Conclusion:
- Keeping our savings in banks offers a combination of safety, earning potential through interest, and easy access to our money when needed.
- This makes banks a reliable and convenient option for managing our savings.
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We should keep our savings with banks becausea)It is safeb)Earns interestc)Can be withdrawn anytimed)All of aboveCorrect answer is option 'D'. Can you explain this answer?
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We should keep our savings with banks becausea)It is safeb)Earns interestc)Can be withdrawn anytimed)All of aboveCorrect answer is option 'D'. Can you explain this answer? for Class 6 2024 is part of Class 6 preparation. The Question and answers have been prepared according to the Class 6 exam syllabus. Information about We should keep our savings with banks becausea)It is safeb)Earns interestc)Can be withdrawn anytimed)All of aboveCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Class 6 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for We should keep our savings with banks becausea)It is safeb)Earns interestc)Can be withdrawn anytimed)All of aboveCorrect answer is option 'D'. Can you explain this answer?.
We should keep our savings with banks becausea)It is safeb)Earns interestc)Can be withdrawn anytimed)All of aboveCorrect answer is option 'D'. Can you explain this answer? for Class 6 2024 is part of Class 6 preparation. The Question and answers have been prepared according to the Class 6 exam syllabus. Information about We should keep our savings with banks becausea)It is safeb)Earns interestc)Can be withdrawn anytimed)All of aboveCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Class 6 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for We should keep our savings with banks becausea)It is safeb)Earns interestc)Can be withdrawn anytimed)All of aboveCorrect answer is option 'D'. Can you explain this answer?.
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