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Write any four advantages of saving money. What two factors your father should consider while choosing a long term scheme?

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Advantages: 

i. Helps in achieving goals. 

ii. Helps meeting unforeseen expenses. 

iii. Provide security 

iv. Help in raising standard of living. 

Factors:

i. Safety and security, 

ii. Accessibility, 

iii. Liquidity, 

iv. Capacity, 

v. Rate of Interest, 

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