Question

when one invests in a commodity, they are investing in a what?
a. bank
b. e - commerce
c. natural resource
d. technology

when receiving a mortgage loan, if an individual cannot make a large down payment, they will most likely have to pay for what?
a. application fee
b. private mortgage insurance
c. risk assessment
d. tenant tax

Explanation:

First Question (Commodity Investment)

Commodity investments involve natural resources (like metals, energy, agricultural products). Banks, e - commerce, and technology are not commodities. So the correct option is related to natural resource.

When a borrower can't make a large down payment (usually less than 20% of the home's value), private mortgage insurance (PMI) is required to protect the lender. Application fees are for loan processing, risk assessment is part of underwriting, and tenant tax is not related to mortgage down payments.

Answer:

c. Natural resource

Second Question (Mortgage Loan)