michael3382 michael3382
  • 13-04-2022
  • Business
contestada

Explain the benefits of keeping your money in a bank or credit union, as opposed to an envelope under your bed.

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jayilych4real
jayilych4real jayilych4real
  • 21-04-2022

Some of the benefits of keeping money in a bank instead of at home are:

  • The money is insured.
  • They can help increase credit limit

What is a Bank?

This refers to the financial institution that engages in financial transactions and can also give out loans to its customers.

Some additional benefits include:

  • They are convenient.
  • They offer various payment methods, etc

Read more about banks here:

https://brainly.com/question/3400748

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