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H&R Block Budget Challenge Exam 2025 Questions and Answers Auto insurance - --Answer --A type of insurance used by vehicle owners to cover costs associated with car accidents. Budget - --Answer --A chart that documents how much money an individual earns and spends. Cash Flow - --Answer --The relationship between income and expenses in a budget. For example, if you spend more money than you have coming in, you have negative cash flow. Certificate of Deposit (CD) - --Answer --A savings vehicle offered through banks with a set maturity date. For example, if you put $5,000 into a five-year CD, you cannot withdraw the money until the five year maturity date without facing penalties. However, interest rates are usually higher in CDs than traditional savings accounts making them desirable for long term savings. City Income Tax - --Answer --Money collected by some city governments to be used for city public services, such as side walks and city water systems. ....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1