Question

Each of the following is a reason why savings should be stored in a bank EXCEPT:
A.
money is safe
B.
easily accessible
C.
interest will be earned
D.
insured by the government

Answer 1

D.) insured by the government
hope i helped!

Answer 2

Answer:

D. Insured by the government is the correct answer.

Explanation:

One should keep a small amount of money in cash and rest in the banks. There are multiple benefits of it. Safety, convenience, cost, security and financial future are some of the reasons why one should keep money in the bank. Depositing your money in  cash makes it vulnerable, the bank account keeps  it safe from theft and loss. It  helps with your financial future  it helps to establish a record that helps in saving money and getting a loan.