ECONOMICS
ECONOMIC INSTITUTIONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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savings account
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checking account
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safe-deposit box
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drive-through window
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Detailed explanation-1: -A safe deposit box is a secure container, usually made of metal, that’s used to store valuables at a bank or credit union. These boxes are often kept in vaults and can be rented by bank customers for a fee.
Detailed explanation-2: -Within the industry, “safe deposit box” is the generally accepted term in the UK, whereas “safety deposit box” is more commonly used in the United States.
Detailed explanation-3: -A safe deposit box (or safety deposit box) is an individually secured container-usually a metal box-that stays in the safe or vault of a federally insured bank or credit union. Safe deposit boxes are used to keep valuables, important documents, and sentimental keepsakes protected.
Detailed explanation-4: -Safekeeping, also known as safe keep, is the storage of assets or other items of value in a protected area. Many individuals choose to place financial assets in safekeeping. To do so, individuals may use self-directed methods of safekeeping or the services of a bank or brokerage firm.
Detailed explanation-5: -Checking Accounts. An account at a financial institution that allows for withdrawals and deposits. Savings Accounts. Money Market Accounts. Certificates of Deposit. Mortgages. Home Equity Loans. Auto Loans. Personal Loans. More items