The reason why people are putting more funds in checking and savings account rather than in time deposits is that

Question

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Long-term interest rates have declined in recent years, relative to short-term interest rates. This means that people are more likely to invest in short-term deposits, such as checking and savings accounts, rather than long-term time deposits. Additionally, checking and savings accounts offer more liquidity than time deposits, which may also contribute to the preference for these types of accounts.

The Reason Why People Are Putting More Funds in Checking