Discover Your Ideal Savings Account

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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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