You Are Closing the Purchase of a New Home and Your

question 108

Multiple Choice

You are closing the purchase of a new home and your closing costs, including down payment, are $30 500. What form of payment would the lawyer require?

• A)Personal cheque
• B)Money order
• C)Certified cheque
• D)Traveller's cheque

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Definitions:

Distribution Extremes

The varying strategies in distributing products, ranging from intensive distribution, where products are available everywhere, to exclusive distribution, where products are available only in select outlets.

Geographical Area

A defined physical region or space characterized by certain geographical features or boundaries.

Financial Service

Economic services provided by the finance industry, which encompasses a broad range of businesses that manage money.

Novice Investor

An individual who is new to investing, lacking in experience and knowledge in making investment decisions.