people deposit their money in banks to get------
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Answer:
Explanation:
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.
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People deposit their money in banks to get interest. So the correct answer is interest.
Explanation:
Savings account is one of the prominent financial products offered by banks.Banks usually provide various types of savings account offering various interest rates to their customers.The main objective of the savings account is to encourage the customers to increase their savings to obtain interest payments on their deposits.Aside from savings account,banks also provide other deposit or investment accounts such as Fixed Deposit Account or Mutual Fund Account where interest payments can be obtained.
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