Question

Name four reasons for keeping your money in a financial institution

Answer 1

Four reasons to keep your money in a financial institution like a bank are: Its the safest place for your money. In the case of burglaries or any such misfortune, a financial institution is the safest option. Interest rate is an added incentive for keeping your money in an institution. Money usually keeps losing and gaining value. In a bank it will keep earning you an interest on your savings. It is easy to manage your cash, keep track of your expenditures and savings. Value-added facilities provided by these financial institutions are also an attractive incentive.

Answer 2

Four reasons to keep your money in a financial institution like a bank are: Its the safest place for your money. In the case of burglaries or any such misfortune, a financial institution is the safest option. Interest rate is an added incentive for keeping your money in an institution. Money usually keeps losing and gaining value. In a bank it will keep earning you an interest on your savings. It is easy to manage your cash, keep track of your expenditures and savings. Value-added facilities provided by these financial institutions are also an attractive incentive.

Explanation:

1)safety 2) you can accumulate credit 3) helps you save your cash rather of just using all the time 4) you can obtain exponential increase which then can give to you.Winning more severance money when u get adored.