The common characteristics of fats, steroids, and waxes are
that they cannot dissolve in water. Fats, steroids, and waxes are types of
lipids. Lipids are soluble in solvents. Fats have two types which are saturated
fats and unsaturated fats. An example of steroids is the cholesterol which our
body needs in order to survive but too much of cholesterol can lead to strokes
and blood clots.