International Association of Accessibility Professionals (IAAP) Certified Administrative Professional (CAP) Practice Exam

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What is the function of a safe deposit box?

To store everyday financial documents
To secure valuables and important documents in a bank's vault
To hold cash for immediate access
To provide a loan collateral

The correct answer is: To secure valuables and important documents in a bank's vault

The function of a safe deposit box is primarily to secure valuables and important documents in a bank's vault. This service offers a high level of security because these boxes are housed within the bank’s controlled environment, which typically includes advanced security measures such as surveillance, restricted access, and insurance coverage for contents. Individuals utilize safe deposit boxes to protect items like jewelry, important legal documents, titles, and other valuables from theft, loss, or damage, knowing they are kept in a location that is designed specifically for security. While other options mention the storage and management of financial documents or cash, these functions do not align with the primary purpose of a safe deposit box, which is explicitly focused on secure storage within a bank.