Choose wisely. There is only one correct answer to each question.
0%
Keep studying!
Review your answers below to learn more.
1.
One advantage of savings bonds is _______.
The small minimum purchase required. You can buy savings bonds in amounts as low as $25.
2.
You can cash another person's savings bond if _______.
The owner is your child. You may redeem savings bonds owned by your dependent children.
3.
The tax advantages of Series EE and Series I bonds include all of the following except _______.
No federal tax on earnings. Unless the bonds are owned by your child or special exclusions for educational expenses apply, you must pay federal taxes on the earnings of your Series EE and Series I bonds. You do not need to pay state or local taxes, however.
4.
You can purchase a maximum of $10,000 in series EE bonds in a single calendar year.
True. You may buy up to a face value maximum of $10,000 in series EE bonds annually.
5.
The Series I savings bond combines a fixed interest rate with _______.
An adjustable rate based on inflation. The purpose of this is to provide a return that keeps pace with inflation.
6.
Savings bonds are accessible to many people, since they are available online and are affordable, having a low minimum purchase price and _______.
No seller's commissions. There are no fees or commissions added to the purchase prices of savings bonds.
