Give reason or explain.Saving may be used in future for unforeseen con – InterviewSolution

1.	Give reason or explain.Saving may be used in future for unforeseen contingencies.
Answer» Savings are that part of the income which are not consumed and are kept aside to be used in the future. For any financial contingencies, savings can act as a helpful source of finance. Savings also act as a vital source of funds at the time of future emergencies.

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