Exam (elaborations)
H&R block Exam Questions and Answers Correct
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Exam of 3 pages for the course hr block at hr block (H&R block Exam)
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H&R block ExamAdjustable rate mortgage (ARM) - answer(ARM) A mortgage that permits the lender to
periodically adjust the interest rate to reflect fluctuations in the cost of money.
auto insurance - answer Insurance to protect a car owner in the event of an accident or
damage to a vehicle.
budget - answer A detailed plan of income and expenses expected over a certain period
of time
cash flow - answer the difference between cash coming in and cash going out of a
business
certificate of deposit - answer a certificate issued by a bank to a person depositing
money for a specified length of time.
city income tax - answer A tax assessed and levied by a local authority such as a
county or municipality.
credit - answer 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 - answer A rating used by credit reporting companies to help lenders decide
whether and/or how much credit can be extended to a borrower.
creditworthiness - answer a measure of your ability and willingness to repay a loan
credit card - answer a small plastic card issued by a bank, business, etc., allowing the
holder to purchase goods or services on credit.
debit card - answer a card (usually plastic) that enables the holder to withdraw money or
to have the cost of purchases charged directly to the holder's bank account
deductions - answer amounts that are subtracted from your paycheck
expenses - answer the cost required for something; the money spent on something.
federal income tax - answer the taxes that the federal government imposes on personal
income in order to provide services
fixed - answer a cost that does not change, no matter how much of a good is produced
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