Saving Money in the bank

What is the main reason why people save money?

• To travel the world

• To buy expensive items

• To protect it from loss

• To donate to charity

What are some traditional ways of saving money?

• Co-operative society

• Saving money in boxes

• Buying stocks/shares

• Saving in the banks

What is the advantage of keeping money in the bank?

• Too many delays in banking transactions

• Risk of money being stolen by robbers

• Losing money through forgery and fraud

• Making money available during emergencies

What is one of the problems of keeping money in the bank mentioned in the text?

• Bankers being humble and patient

• Losing money through forgery and fraud

• Improved Education

• Customers losing money if banks fold up

What is one of the solutions proposed for the problems of keeping money in the bank?

• Using traditional ways of saving money

• Improved Education

• Bankers being impatient

• Customers losing money if banks fold up

What is the art of keeping money for future use called?

• Saving

• Investing

• Donating

• Spending

What is one of the reasons for saving money?

• To keep it in the bank

• To spend it all

• To avoid wastages

• To waste it

What is one of the modern ways of saving money mentioned in the text?

• Saving money in boxes

• Saving in the banks and other financial houses

• Saving under the pillow and mattress

• Keeping money with relations

What is one of the advantages of keeping money in the bank?

• Risk of money being stolen by robbers

• Losing money through forgery and fraud

• Making money available during emergencies

• Getting interest on savings and fixed deposit accounts

What are some of the problems of keeping money in the bank?

• Bankers being humble and patient

• Improved Education

• Too many delays in banking transactions

• Losing money through forgery and fraud