The storage of funds for future use is a purpose of ____________ services.

Name: The storage of funds for future use is a purpose of ____________ services.
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Question

Quizplus · Accepted Answer

The purpose of savings services is to store funds for future use. Trust services involve managing assets for others, borrowing services involve obtaining funds from lenders, credit card services involve using borrowed money to make purchases, and cash checking services involve depositing and withdrawing money from a checking account.

The Storage of Funds for Future Use Is a Purpose