Question

CONSUMER MATH HELP!!!


1. Which example is NOT a type of savings instrument? (

savings account

investment account

certificate of deposit

checking account


2. _____ is the amount paid when you purchase a home that covers additional expenses like taxes and title fees.

Down payment

Closing costs

Assessment fees

Homeownership fees

Answer 1

The answer to #1 is D.

The answer to #2 I believe is B. Closing Costs

Answer 2

Answer:

1. Which example is NOT a type of savings instrument?

The answer is : checking account. A checking account is an account that people keep to maintain their day to day expenses. The money can be taken out by using atm cards or using checks.

2. CLOSING COST is the amount paid when you purchase a home that covers additional expenses like taxes and title fees. This closing cost is the final deal close amount in real estate section.