Discovering Deposits

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Questions and Answers

Which of the following is the primary function of a bank?

  • Lending money to profitable sectors
  • Providing financial advice to customers
  • Receiving deposits from savers (correct)
  • Investing in high-risk ventures

Why do banks accept deposits from savers?

  • To lend the money to profitable sectors (correct)
  • To invest in high-risk ventures
  • To provide financial advice to customers
  • To help savers utilize their money

What is the main reason why savers deposit their money in banks?

  • To earn interest on their savings (correct)
  • To support the bank's operations
  • To invest in high-risk ventures
  • To have easy access to their money

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