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Question Practice

What is one benefit of depositing money in a bank rather than keeping it at home?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 7
Social Science
Exploring Society India and Be...
Banks and the Magic of Finance
Question Bank

What is one benefit of deposit...

Single Answer MCQ
Q-00131281

What is one benefit of depositing money in a bank rather than keeping it at home?

1

You can spend it at any time

2

You can earn interest over time

3

It is readily available for use

4

Banks do not charge fees for holding cash

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