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Question
features of a safe - deposit box include all of the following except
o a. it takes two keys to open.
o b. keeping valuables in a safe - deposit box may reduce homeowners insurance.
o c. any losses of items placed in a safe - deposit box are not covered by fdic deposit insurance.
o d. it is an excellent storage place for documents you might need in a hurry.
A safe - deposit box is not ideal for documents needed quickly. It is usually in a bank with limited access hours. Options a (two - key access for security), b (reducing homeowner's insurance as items are off - site), and c (FDIC covers deposits, not safe - deposit box contents) are correct features.
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D. It is an excellent storage place for documents you might need in a hurry.