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The advantage of having a bank account is that it ______. - Economic Applications

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Question

The advantage of having a bank account is that it ______.

Options

  • it develops saving habits

  • it keep your money safe

  • it becomes easier to pay bills

  • All the above

MCQ
Fill in the Blanks

Solution

All the above

Explanation:

Having a bank account offers multiple advantages:

  1. It develops saving habits
  2. It keeps your money safe
  3. It becomes easier to pay bills

Thus, a bank account not only promotes saving but also offers security and convenience in financial transactions.

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Commercial Banks: Functions
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Chapter 8: Commercial Banks - QUESTIONS [Page 196]

APPEARS IN

Goyal Brothers Prakashan Economic Application [English] Class 10 ICSE
Chapter 8 Commercial Banks
QUESTIONS | Q 1. | Page 196
Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 7 Commercial Banks
Exercise | Q 1. | Page 144
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