27 Questions
Which type of savings account offers a combination of checking account and regular saving account features?
Money market account
Which type of savings account allows you to secure high interest on funds in return for locking them away for a set period of time?
Certificate of deposit account
Which type of savings account is the most common and used for general, short-term savings?
Regular savings account
Which type of savings account is designed to pay for medical expenses?
Health savings account (HSA)
What is the maximum contribution limit for an HSA in 2023 for individual coverage?
$3,850
What is the yearly contribution limit for an IRA in 2023?
$6,500
What is the main difference between an IRA and a Roth IRA?
IRA contributions are tax-deductible, Roth IRA contributions are not
Which type of savings account typically offers the highest interest rates?
Certificates of deposit (CD) accounts
Which type of savings account allows for easy access to your money via a debit card?
Money market accounts
Which type of savings account may charge a fee for exceeding a certain number of withdrawals?
Money market accounts
Which type of savings account is commonly used for general, short-term savings?
Regular savings accounts
Which type of savings account requires locking funds away for a set period of time to earn high interest?
Certificates of deposit (CD) accounts
Which type of savings account is designed for retirement and is not tied to an employer?
Individual retirement account (IRA)
What is the maximum contribution limit for an HSA in 2023 for family coverage?
$7,750
Which type of savings account offers a higher interest rate than regular savings accounts?
High-yield savings account
What is the yearly contribution limit for an IRA in 2023 for individuals under the age of 50?
$6,500
Which type of savings account is specifically designed to pay for medical expenses?
Health savings account
Synergy occurs when two companies bring different strengths and weaknesses into the merged entity. If the newly-combined company can take advantage of the marketing capabilities of the stronger entity and the distribution capabilities of the other (assuming they are stronger), the new company can realize synergies in both of these functions.
synergy
A ______ is an act of assuming control that’s resisted by the targeted company’s management and its board of directors.
hostile takeover
______—a very large Dutch/British company that owns three ice cream brands—wanted to buy Ben & Jerry’s, against the founders’ wishes. Most of the Ben & Jerry’s stockholders sided with ______.
Unilever
The ______ liked Unilever’s offer to buy their Ben & Jerry’s stock at almost twice its current market price and wanted to take their profits.
stockholders
______ found themselves in one of these situations: Unilever—a very large Dutch/British company that owns three ice cream brands—wanted to buy Ben & Jerry’s, against the founders’ wishes.
Ben Cohen and Jerry Greenfield
Unilever—a very large Dutch/British company that owns three ice cream brands—wanted to buy Ben & Jerry’s, against the founders’ wishes.
Ben & Jerry's
Ben Cohen and Jerry Greenfield found themselves in one of these situations: _____ wanted to buy Ben & Jerry’s, against the founders’ wishes.
Unilever
Most of the Ben & Jerry’s stockholders sided with ______.
Unilever
The stockholders liked ______ offer to buy their Ben & Jerry’s stock at almost twice its current market price and wanted to take their profits.
Unilever's
Unilever wanted to buy Ben & Jerry’s, against the founders’ wishes. Most of the Ben & Jerry’s stockholders sided with Unilever. They had little confidence in the ability of ______ to continue managing the company and were frustrated with the firm’s social-mission focus.
Ben Cohen and Jerry Greenfield
Find the Perfect Savings Account: Take this quiz to discover which type of savings account is best for your financial goals and maximize your returns. Learn about different options like high annual percentage yield accounts, money market accounts, and more!
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