Name the Items That Are Deposited in an Escrow Account

question 46

Multiple Choice

Name the items that are deposited in an escrow account.

• A) principal, interest, title fee, insurance
• B) utility payments, homeowner's association dues
• C) property taxes, property insurance
• D) PMI premiums, homeowner's association dues
• E) liens, closing costs, points

---

Definitions:

List Price

The manufacturer's suggested retail price (MSRP) of a product, before any discounts, coupons, or negotiations.

Peak Seasonal

Periods during which demand for certain goods or services increases significantly, often related to the time of year.

Cash Discount

A cash discount is a reduction in the invoice price offered by a seller to the buyer in return for early payment of their bill, as a way to encourage quicker payment.