Economics · Banking System
Savings bank accounts are primarily opened for which of the following?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1By large partnerships for foreign exchange trading
- 2By public limited companies for managing capital reserves
- 3By individuals to encourage regular savings✓
- 4By business entities for daily commercial transactions
Correct answer
By individuals to encourage regular savings
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