People deposit their money in the banks as _____ .

money deposited in the banks are safe

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it earns interest

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both (1) and (2)

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money can not be withdrawn as and when

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Solution

The correct option is C both (1) and (2)
People deposit their money in the banks as it earns interest and money deposited in the banks are secured.
Money can be withdrawn any time by the customer on demand.

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