Social Sciences, asked by joshimamta135, 10 months ago

give one reason to deposite money with the banks​

Answers

Answered by smartysasi143
2

Answer:

The primary reason that people deposit money in bank accounts in order to earn interest. Inflation causes money to lose purchasing power. Banks act as investment funds which invest money on behalf of account holders. Investments (ideally) grow at a rate similar to the inflation rate at which money loses value.

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