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#1: A checking account is not a type of savings instrument.
#2: Closing costs contain additional fees such as taxes and title fees.
#2: Closing costs contain additional fees such as taxes and title fees.
The amount paid when you purchase a home that covers additional expenses like taxes and title fees is called; Closing Costs
What are the different types of accounts?
1) The correct option that is not a savings instrument is called Checking accounts. This is because a checking account is a type of bank account that allows you to easily deposit and withdraw money for daily transactions and not savings.
2) The amount paid when you purchase a home that covers additional expenses like taxes and title fees is called Closing costs because they contain additional fees such as taxes and title fees.
Read more about types of accounts at; https://brainly.com/question/25787382
