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CITIZENSHIP From 5 Art

CHAPTER 2 : MONEY IN CAMEROON

VII. SAVING

This is in clans that is save guard for future use save can either be voluntary or composairy. Money that is kept in save accounts is interest

Reason for saving

  1. For future use
  2. To set up a business
  3. For unforeseen circumstances
  4. For children’s education
  5. To avoid thief

FACTORS THAT FAVOR SAVING

  1. Level of income
  2. Interest
  3. Availability of financial institutions
  4. The political climate of the country
  5. Advertisement
par Claude Foumtum
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