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H&R block Questions and Correct
Answers/ Latest Update / Already
Graded
Adjustable rate mortgage (ARM)
Ans: (ARM) A mortgage that permits the lender to periodically adjust the
interest rate to reflect fluctuations in the cost of money.
auto insurance
Ans: Insurance to protect a car owner in the event of an accident or
damage to a vehicle.
budget
Ans: A detailed plan of income and expenses expected over a certain
period of time
cash flow
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Ans: the difference between cash coming in and cash going out of a
business
certificate of deposit
Ans: a certificate issued by a bank to a person depositing money for a
specified length of time.
city income tax
Ans: A tax assessed and levied by a local authority such as a county or
municipality.
credit
Ans: the ability of a customer to obtain goods or services before
payment, based on the trust that payment will be made in the future.
credit score
H&R block Questions and Correct
Answers/ Latest Update / Already
Graded
Adjustable rate mortgage (ARM)
Ans: (ARM) A mortgage that permits the lender to periodically adjust the
interest rate to reflect fluctuations in the cost of money.
auto insurance
Ans: Insurance to protect a car owner in the event of an accident or
damage to a vehicle.
budget
Ans: A detailed plan of income and expenses expected over a certain
period of time
cash flow
, 2 | Page
Ans: the difference between cash coming in and cash going out of a
business
certificate of deposit
Ans: a certificate issued by a bank to a person depositing money for a
specified length of time.
city income tax
Ans: A tax assessed and levied by a local authority such as a county or
municipality.
credit
Ans: the ability of a customer to obtain goods or services before
payment, based on the trust that payment will be made in the future.
credit score
