ECONOMICS (CBSE/UGC NET)

ECONOMICS

BUDGETING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is the best way to secure your money?
A
Piggy Bank
B
Bank Account
C
In Your Wallet
D
None Of The Above
Explanation: 

Detailed explanation-1: -Check the machine. One of the most common ways a scammer will try to get access to your bank account is at the ATM. Cover your PIN. Capturing your card data is one thing. Keep sight of your card. Ask questions. Know who you’re speaking to. Check your balance. Stay vigilant.

Detailed explanation-2: -Check Your Accounts Regularly. Keeping an eye on your account will help you know when something is wrong. Never Give Out Your PIN to Anyone. Use Stronger Passwords. Be Careful Where You Access Your Account. Avoid ATMs in Touristy Areas or That Look Out of Place. 09-Nov-2022

Detailed explanation-3: -Savings accounts are a safe place to keep your money because all deposits made by consumers are guaranteed by the FDIC for bank accounts or the NCUA for credit union accounts. Deposit insurance for savings accounts covers $250, 000 per depositor, per institution, and per account ownership category. More items

Detailed explanation-4: -Check your accounts DAILY. Know your protections. Turn paper statements on. Choose a bank with good customer service. Never share your banking information with anyone. Use strong passwords & two-factor authentication. Don’t access your financial accounts from just anywhere. 23-Sept-2017

Detailed explanation-5: -Never keep all your savings in one bank account. One of the safest places to park your money is in bonds. Stay away from banks with a high rate of bad loans. 07-Jul-2021

There is 1 question to complete.