INSTRUCTIONS: Choose the Word or Phrase in [ ] Which

question 8

Short Answer

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
The Real Estate Settlement Procedures Act (RESPA) [ limits the amount of closing costs a lender can charge | requires advance disclosure of closing costs ].

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Definitions:

Wording

The choice of words or phrases in a piece of writing or speech.

Sampling Error

The difference between a population parameter and a sample statistic caused by only observing a subset rather than the whole population.

Sampling Process

The practice of selecting a subset of individuals, items, or data points from within a larger population to estimate characteristics of the whole population.

Sampling Error

The discrepancy between the statistical characteristics of a population and those of a sample supposedly representing that population.