2. Reasons for why we need a financial institutions:
Safety of money
Interest paid on your savings
Make payments through cheques
Use debit cards
Ability to invest and save money
Become eligible for loans, mortgages, and credit
cards
Financial Institutions
3. When you select a saving account, you need to
consider:
Interest rates
Fees
Balance requirements
Deposit insurance
Be aware of investment frauds
Saving Accounts
4. I learned that knowing how to bank
is important because it helps you
manage and have control of your
own money by loaning money,
accepting deposits, and having
investments.
Conclusion
