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Bonds 110: US Savings Bonds

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1.
The US government established savings bonds to _______.
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Pay for expenses related to World War II. The US government began issuing savings bonds in 1941, using movies, posters, and other media to publicize the effort.
2.
If you redeem a Series EE savings bond that you have held for less than five years, _______.
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You will be penalized with the loss of three months' interest. This is the current penalty.
3.
Savings bonds are accessible to many people, since they are available online and are affordable, having a low minimum purchase price and _______.
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No seller's commissions. There are no fees or commissions added to the purchase prices of savings bonds.
4.
You can purchase a maximum of $10,000 in series EE bonds in a single calendar year.
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True. You may buy up to a face value maximum of $10,000 in series EE bonds annually.
5.
A friend mentions that his savings bonds are based on the rate of Treasury securities. Your friend owns _______.
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Series EE bonds. Series EE bonds pay 90 percent of the six-month average yield on five-year Treasury securities.
6.
To qualify for the tax exclusion offered through the Education Bond Program, you must _______.
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Be at least 24 years old at the time you purchase the bond. To qualify for this program, an adult age 24 or older must buy the bonds.