Question

We should keep our savings in banks because:

• A. It is safe
• B. It earns interest
• C. Can be withdrawn
• D. All of these

Hint:

Saving in banks provides security, interest, and liquidity.

Answer 1

The Correct Option is D

Step 1: Understanding the purpose of savings in banks.
Banks provide a secure place to keep money. Savings accounts offer interest and provide liquidity as money can be withdrawn when needed.
Step 2: Analyzing the options.
(A) It is safe – Correct, banks keep deposits secure.
(B) It earns interest – Correct, savings earn interest.
(C) Can be withdrawn – Correct, savings can be withdrawn at any time.
(D) All of these – Correct, because all reasons are valid.
Step 3: Conclusion.
Thus, the correct answer is All of these.