Question

banks offer the service of a safety deposit box, which can be used for what?
a. guarantee high interest on money deposits
b. reduce the amount owed on late fees
c. prevent the bank’s money from being burned in a fire
d. protect personal documents from potential loss

when eating at a restaurant, one must consider which of the following additional costs to the price of their meal and sales tax?
a. interest fee
b. reservation cost
c. service fee
d. tip

Explanation:

First Question (Banks and Safety Deposit Boxes)

• Option a: Safety deposit boxes don’t relate to interest on deposits. Interest is for savings/checking accounts. Eliminate a.
• Option b: Late fees are for overdue payments (e.g., loans, credit cards), not related to safety deposit boxes. Eliminate b.
• Option c: Safety deposit boxes are for customers’ items, not the bank’s money (banks store their money in vaults). Eliminate c.
• Option d: Safety deposit boxes protect customers’ personal documents (e.g., wills, deeds) from loss (fire, theft, etc.). This matches their purpose.

• Option a: Interest fees are for loans/credit, not restaurant meals. Eliminate a.
• Option b: Most restaurants don’t charge a reservation cost (especially casual ones; some high - end might, but it’s less common than tips). Eliminate b.
• Option c: A “service fee” is less common as an additional cost compared to a tip, and tips are a standard additional cost for restaurant meals (for service). Eliminate c.
• Option d: Tips are a customary additional cost to the meal price and sales tax, given to servers for service. This is the standard additional cost.

Answer:

d. Protect personal documents from potential loss

Second Question (Restaurant Additional Costs)