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Question
People, by opening a bank account, can keep their surplus money safe in bank and can earn interest income too.
Options
True
False
MCQ
Solution
The statement is True.
Explanation:
People who open a bank account can keep their excess funds safe in a bank, preventing theft or loss. Furthermore, most forms of bank accounts, such as savings accounts and fixed deposits, provide interest income, allowing people to make money while keeping their investments safe.
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Importance of Banks
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