Question

which of the following will be paid for as part of the escrow funds included in a mortgage loan?
a. car insurance
b. principal on home loan
c. property tax
d. home warranty

when seeking to open a bank account, which of the following is needed?
a. blank checks
b. government-issued identification
c. recommendation letter
d. school transcript

Explanation:

First Question (Escrow Funds in Mortgage Loan)

Escrow funds in a mortgage typically cover costs related to the property, like property taxes and insurance (not car insurance). Principal is part of the loan repayment, not escrow. Home warranty is optional and not escrow - related. Property tax is paid from escrow.

To open a bank account, government - issued ID (like a driver's license or passport) is required for identification. Blank checks are for after the account is open, a recommendation letter and school transcript are not standard requirements for a basic bank account.

Answer:

c. Property tax

Second Question (Opening a Bank Account)