Name the Items That Are Deposited in an Escrow Account

question 52

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

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Definitions:

Mass Customization

A strategy that combines the flexibility and personalization of custom-made products with the low unit costs associated with mass production.

Not-for-profit Organizations

Organizations that operate for purposes other than generating profit, using surplus revenues to achieve their goals.

Marketing Strategies

Planned actions aimed at promoting and selling a product or service to target customers.

Utility

In economics, utility refers to the total satisfaction received from consuming a good or service.