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Comment on the following statements. "Your money in a savings bank account earns compound interest.

Comment on the following statements. "Your money in a savings bank account earns compound interest. When you make purchases and use your credit card to make payments, you have to pay compound interest. So, it is always better to pay with your credit card because there is a grace period of about 20 days for which there is no interest charged whereas if you withdraw from your bank account you will lose interest from day one."

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