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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

Discovering Deposits

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Questions and Answers

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

Why do banks accept deposits from savers?

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

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