Banking Awareness - Types Of Bank Accounts
Which of the following is a primary objective of opening a savings account?
Which of the following is a primary objective of opening a savings account?
easy Q3 of 15
Step-by-Step Solution
Step 1: Understand the basic purpose.
Savings accounts encourage saving and safety of funds.Step 2: Eliminate unrelated objectives.
Investment and credit creation are not primary goals.Final Answer:
Safe keeping of money → Option CQuick Check:
Safety + savings habit = Savings Account ✅
Quick Trick: Savings accounts focus on safety, not risk.
Common Mistakes:
- Linking savings accounts with investment accounts.
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