What is the major use of bank deposits on financial management? ?

The major use of bank deposits in financial management is to provide a safe and secure place to store funds. Bank deposits offer liquidity, allowing businesses and individuals to easily access their money when needed. Additionally, bank deposits can earn interest, providing a source of passive income for depositors. Bank deposits also play a crucial role in the functioning of the financial system, as banks use these deposits to lend money to borrowers and facilitate economic activity. Overall, bank deposits are an essential tool for managing and safeguarding funds in financial management.