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Question

What is the primary goal of banking institutions that promotes a saving habit among the people in the economy?

A
Formulating monetary policy
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B
Bankers bank
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C
Financial inclusion
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D
Banks at your service
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Solution

The correct option is C Financial inclusion
Financial inclusion refers to the accessibility to useful financial products and services for people of all walks of life.

It promotes saving habits among people and improves their lives by participating in the economy.

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