Suppose you have won a big cash prize , in a contest. If your parents

money-and-credit

#1

Suppose you have won a big cash prize , in a contest. If your parents ask you to deposit this sum as fixed deposit in a bank, what values are your parents having, which prompted them to give you this advice?


#2

The values exhibited by the parents are
(i) They are showing their care for you and responsibility for your future.
(ii) They are showing their awareness about money management and the modern banking system.
(iii) They are showing their understanding about the value of money.