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Money News

Quizzical Education, Vol. 2: Test Your Money News IQ

May 17, 2018

1 min read

Test your knowledge of some of the most important news stories involving money. This week, see if you know which nuclear-arms pact the U.S. has distanced itself from when an acquisition bid turns “hostile”, and which restaurant chain experienced a data breach.

Find out in the 7 questions below:

1/7
Quiz
 

_____ means to put money into a variety of investments that are subject to different risks. It mirrors the old adage, “Don’t put all your eggs in one basket.”

Diversity
Diversification
Mitigation
Variegation

The term we’re looking for is “diversification.” A diversified portfolio would include a mix of stocks, bonds, and other investments designed to shield you from catastrophic losses in the event of a market or economic downturn.

Read more:
See How Diversification Can Save Your Portfolio

2/7
Quiz
 

Which company announced its first loss in nine years at its annual shareholders meeting in Omaha, Nebraska?

General Electric
Berkshire Hathaway
Chevron
Alphabet

At the Berkshire Hathaway annual shareholders meeting in Omaha, chairman Warren Buffett told investors that the company had lost more than $1 billion during the first quarter of 2018–the company’s first loss in nine years.

Read more:
What Happened at Berkshire Hathaway’s Annual Shareholders Meeting

3/7
Quiz
 

The U.S. abandoned a nuclear-arms pact involving ____, which could lead to higher gas prices.

China
Russia
Iran
Mexico

President Trump decided to pull the U.S. from the nuclear arms deal with Iran from 2015, which had lifted economic sanctions in exchange for a halt to Iran’s nuclear weapons program. Those sanctions will be reinstated now, and as a result, gas prices are expected to rise as the global supply is constrained.

Read more:
Trump Scrapped the Iran Nuclear Deal, and Here’s How It Could Affect You

4/7
Quiz
 

Which restaurant chain became the latest company to suffer a large-scale data breach?

Outback Steakhouse
Chipotle
Applebee's
Chili's

If you’ve recently dined at Chili’s you’ll want to double-check your credit and debit card accounts. While we don’t know how many customers or Chili’s locations were affected, the restaurant announced May 11 that payment information had been “compromised” by malware. That includes credit and debit card numbers, as well as cardholder names.

Read more:
Chili’s Customers Want Their Data Back

5/7
Quiz
 

This insurance product is designed for people who do not own their homes and provides coverage for personal belongings in the case of damage or theft.

Renters insurance
Liability insurance
House insurance
Homeowners insurance

If you’re renting a house or apartment, renters insurance is your friend. Though polls show only 41% of renters actually purchase a policy, it can protect your belongings from damage or theft. The average price for an annual premium? Only $188.

Read more:
How Renters Insurance Can Save the Day From Disaster

6/7
Quiz
 

What is the name of the technology being used as a secure record-keeping system, a distributed ledger, and also, to mine cryptocurrency?

Bitcoin
Ethereum
Blockchain
Quickbooks

Blockchain is the technology that allows for the mining of bitcoin and other cryptocurrencies, as well as a number of other things. Blockchain is a distributed ledger system that can be used as a more secure, auditable database. Many big companies are either employing or further developing blockchains, including NVIDIA and IBM.

Read more:
What the Heck is Blockchain

7/7
Quiz
 

Telecom giant Comcast recently made a $60 billion bid for entertainment company 21st Century Fox, after Disney already agreed in December 2017 to acquire numerous Fox divisions for $52 billion. Comcast is trying to entice shareholders with a more lucrative deal. What is this called?

A hostile takeover
A whoopsie-doodle
A run-up
Collusion

A hostile takeover, which refers to a situation in which a company attempts to buy another, against the wishes of the executives and board managing the company being purchased. In Comcast’s case, it is attempting a hostile takeover of Fox by sweetening the pot for shareholders, though Fox’s execs have a deal worked out with Disney.

Read more: 
Why So Hostile? Behind Comcast’s Bid for Fox

 
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By Sam Becker
Sam Becker is Stash's financial writer.

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