Which of the following statements regarding safe-deposit boxes offered by banks is true?

Question

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Safe-deposit boxes offered by banks are used primarily as a storage place for important documents and personal valuables. The box is owned by the bank but leased to the customer, and only the customer or an authorized representative can access it with a key or combination. The bank does not have access to the contents of the box without the customer's permission. It is not related to managing mutual funds and does not affect a homeowner's insurance premiums.

Which of the Following Statements Regarding Safe-Deposit Boxes Offered by Banks