An Advantage of a Health Savings Account Is That If

question 98

Multiple Choice

An advantage of a health savings account is that if there are funds remaining in the account at the end of the year the money

• A)goes back to the employer, helping the employer contain costs.
• B)is forfeited.
• C)belongs to the employee.
• D)is placed in the employee's retirement account.

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Definitions:

Commodity Traders

Individuals or entities that buy and sell physical or financial commodities, aiming to profit from price fluctuations.

Bid-ask Spreads

The variation between the top price a buyer intends to pay (bid) and the bottom price a seller is prepared to take (ask) for an asset.

Market Equilibrium

The state in which market supply and demand balance each other, and as a result, prices become stable.

Competitive Industry

Competitive industries are characterized by three factors: (1) firms produce a product or service with very close substitutes meaning demand is very elastic, (2) firms have many rivals and no cost advantage over those rivals, and (3) the industry has no barriers to entry or exit.