Science, asked by manojgoyal5065, 6 months ago

state 2 advantages of maintaining a passbook

Answers

Answered by Anonymous

Safer Transactions. Some people feel that passbook savings accounts offer safer transactions. ...
Easy to Focus on Saving. With a passbook savings account, you do not use an ATM card to withdraw your funds--withdrawals must be made in person. ...
Low Barrier to Entry. ...
Low Interest Rates. ...
No Monthly Statement.

Answered by Aanayadhuper

Explanation:

Advantages & Disadvantages of Passbook Savings Account

Safer Transactions. Some people feel that passbook savings accounts offer safer transactions. ...

Easy to Focus on Saving. With a passbook savings account, you do not use an ATM card to withdraw your funds--withdrawals must be made in person. .

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