Social Sciences, asked by manima44, 4 months ago

what are the reasons for which people deposit money in a bank

Answers

Answered by pds39937

3

Explanation:

People deposit extra money into banksbecause at a point of time people need only some money for their day to day needs. By depositing money in the banks people's money is safe and they get a good interest on their deposit. They can also withdraw money whenever the want.

Answered by Guru181

1

Answer:

reasons to keep money in a bank

.Safety. Keeping your money in tangible cash makes it extremely vulnerable. ...

.Convenience. You can get money quickly and easily. ...

.Cost. Using a bank is almost always cheaper than using other businesses to cash your check

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