Question

1. what is a safe deposit box?

a. a way to move money from one person to another. they are often used to send money internationally.
b. documents written against other accounts or bought with cash, which provide a receipt converted to money by the recipient. they are often used to pay bills when someone does not have a checking account.
c. a box located at a bank for use for personal possessions that can only be accessed with the assistance of bank personnel by lock and key.
d. are credit that comes with a card you can borrow on an ongoing basis; it has interest rates, a spending limit, and monthly payments. as long as you repay what you owe, you can keep borrowing money.

Explanation:

A safe deposit box is a secure storage container provided by a financial institution (like a bank) for customers to store valuable personal items, accessible only via authorized means (lock/key and bank assistance). Option a describes a money transfer service, option b describes cashier's checks/money orders, option d describes a revolving line of credit (credit card).

Answer:

c. A box located at a bank for use for personal possessions that can only be accessed with the assistance of bank personnel by lock and key.