Answered

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Visit a cooperative, bank, or financial institution in your surroundings.

1. Gather information about various plans by talking to the head of the institution, receptionist, or any other knowledgeable person.
2. If available, study the brochure of the institution to understand the various schemes.
3. Consider if your father, mother, or any other family member is interested in depositing a sum of money. Which scheme would you prefer and why?

Prepare a report with your reasons and present it in your classroom.

Sagot :

GinnyAnsweridn

Final answer:

Financial institutions provide essential services to individuals and businesses, offering a range of accounts and services. Choosing a bank involves evaluating services, fees, convenience, and reputation.


Explanation:

Financial institutions play a critical role in the economy by serving both borrowers and savers, offering various financial services and accounts. Banks compete for customer deposits by providing different service packages, interest rates, and benefits. When choosing a bank for your needs, consider factors like services, fees, convenience, and reputation to make an informed decision.


Learn more about Selecting a bank for personal financial needs here:

https://brainly.com/question/30090061


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