Discover Your Ideal Savings Account
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Questions and Answers

Which type of savings account offers a combination of checking account and regular saving account features?

  • High annual percentage yield account
  • Money market account (correct)
  • Certificate of deposit account
  • Regular savings 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?

  • Regular savings account
  • Certificate of deposit account (correct)
  • Money market account
  • High annual percentage yield account
  • Which type of savings account is the most common and used for general, short-term savings?

  • Money market account
  • High annual percentage yield account
  • Certificate of deposit account
  • Regular savings account (correct)
  • Which type of savings account is designed to pay for medical expenses?

    <p>Health savings account (HSA)</p> Signup and view all the answers

    What is the maximum contribution limit for an HSA in 2023 for individual coverage?

    <p>$3,850</p> Signup and view all the answers

    What is the yearly contribution limit for an IRA in 2023?

    <p>$6,500</p> Signup and view all the answers

    What is the main difference between an IRA and a Roth IRA?

    <p>IRA contributions are tax-deductible, Roth IRA contributions are not</p> Signup and view all the answers

    Which type of savings account typically offers the highest interest rates?

    <p>Certificates of deposit (CD) accounts</p> Signup and view all the answers

    Which type of savings account allows for easy access to your money via a debit card?

    <p>Money market accounts</p> Signup and view all the answers

    Which type of savings account may charge a fee for exceeding a certain number of withdrawals?

    <p>Money market accounts</p> Signup and view all the answers

    Which type of savings account is commonly used for general, short-term savings?

    <p>Regular savings accounts</p> Signup and view all the answers

    Which type of savings account requires locking funds away for a set period of time to earn high interest?

    <p>Certificates of deposit (CD) accounts</p> Signup and view all the answers

    Which type of savings account is designed for retirement and is not tied to an employer?

    <p>Individual retirement account (IRA)</p> Signup and view all the answers

    What is the maximum contribution limit for an HSA in 2023 for family coverage?

    <p>$7,750</p> Signup and view all the answers

    Which type of savings account offers a higher interest rate than regular savings accounts?

    <p>High-yield savings account</p> Signup and view all the answers

    What is the yearly contribution limit for an IRA in 2023 for individuals under the age of 50?

    <p>$6,500</p> Signup and view all the answers

    Which type of savings account is specifically designed to pay for medical expenses?

    <p>Health savings account</p> Signup and view all the answers

    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.

    <p>synergy</p> Signup and view all the answers

    A ______ is an act of assuming control that’s resisted by the targeted company’s management and its board of directors.

    <p>hostile takeover</p> Signup and view all the answers

    ______—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 ______.

    <p>Unilever</p> Signup and view all the answers

    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.

    <p>stockholders</p> Signup and view all the answers

    ______ 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.

    <p>Ben Cohen and Jerry Greenfield</p> Signup and view all the answers

    Unilever—a very large Dutch/British company that owns three ice cream brands—wanted to buy Ben & Jerry’s, against the founders’ wishes.

    <p>Ben &amp; Jerry's</p> Signup and view all the answers

    Ben Cohen and Jerry Greenfield found themselves in one of these situations: _____ wanted to buy Ben & Jerry’s, against the founders’ wishes.

    <p>Unilever</p> Signup and view all the answers

    Most of the Ben & Jerry’s stockholders sided with ______.

    <p>Unilever</p> Signup and view all the answers

    The stockholders liked ______ offer to buy their Ben & Jerry’s stock at almost twice its current market price and wanted to take their profits.

    <p>Unilever's</p> Signup and view all the answers

    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.

    <p>Ben Cohen and Jerry Greenfield</p> Signup and view all the answers

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