College Savings Quizzes-DRIPs are:

Answer to Quiz

DRIPs are:

Answer: (b), dividend reinvestment plans
A "dividend reinvestment plan" or "DRIP" is a company plan providing for an automatic reinvestment of shareholder dividends into more shares of the company's stock. Some dividend reinvestment plans provide for the purchase of additional shares at a discount to the market price and without brokerage commissions.

Next Quiz:

A "stock buyback" refers to:

(a) A trader purchasing stock that he has previously shorted
(b) The purchase of a company's owns shares in the open market
(c) The exercise of a redemption right by a preferred stock holder
(d) The purchase of stock to increase the outstanding number of shares

Word of the Day

High-Deductible Health Plan

A "high-deductible health plan" or "HDHP" is a health insurance plan with a...

High-Deductible Health Plan

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