ECONOMICS (CBSE/UGC NET)

ECONOMICS

MONEY MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A private storage area at a financial institution with maximum security for valuables.
A
Safe deposit box
B
The vault
C
A checking account
D
Money market savings account
Explanation: 

Detailed explanation-1: -What to Store in a Safe Deposit Box. Safe deposit boxes are a good place to keep hard-to-replace documents such as contracts and business papers, military discharge papers, and physical stock and bond certificates, along with small collectibles and family heirlooms.

Detailed explanation-2: -Safe deposit boxes come in a range of sizes up from there, with the largest being 10 inches by 10 inches and two feet deep. Prices not only differ between banks but can also vary by bank location. You should call your local bank branch to find out the annual rental costs for their safety deposit boxes.

Detailed explanation-3: -safe-deposit box. noun. : a box (as in the vault of a bank) for the safe storage of valuables.

Detailed explanation-4: -Family Documents (birth certificates, marriage licenses, passports) Property Deeds and Titles. Mortgage Documents. Insurance Policies and an Inventory of Personal Possessions. Personal and Business Contracts. More items

There is 1 question to complete.