Choose wisely. There is only one correct answer to each question.
0%
Keep studying!
Review your answers below to learn more.
1.
You can still purchase series HH savings bonds.
False. You can no longer purchase series HH bonds.
2.
If you lose a savings bond, which of the following documents is the least likely to help you replace it?
Your library card. If you lose your savings bond, the government will often replace it if you can provide the serial number, issuance date, address, and Social Security number of the owner.
3.
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.
4.
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.
5.
You can cash another person's savings bond if _______.
The owner is your child. You may redeem savings bonds owned by your dependent children.
6.
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.
