Test your knowledge

Choose wisely. There is only one correct answer to each question.

0%
Keep studying!
Review your answers below to learn more.
1.
Savings bonds are accessible to many people, since they are available online and are affordable, having a low minimum purchase price and _______.
Choose wisely. There is only one correct answer.
No seller's commissions. There are no fees or commissions added to the purchase prices of savings bonds.
2.
You can purchase a maximum of $10,000 in series EE bonds in a single calendar year.
Choose wisely. There is only one correct answer.
True. You may buy up to a face value maximum of $10,000 in series EE bonds annually.
3.
One advantage of savings bonds is _______.
Choose wisely. There is only one correct answer.
The small minimum purchase required. You can buy savings bonds in amounts as low as $25.
4.
Why was the Series I bond created?
Choose wisely. There is only one correct answer.
To provide a rate of return that keeps pace with inflation. The rate changes periodically, based on inflation.
5.
You can cash another person's savings bond if _______.
Choose wisely. There is only one correct answer.
The owner is your child. You may redeem savings bonds owned by your dependent children.
6.
If you invested in a Series EE bond in 1998, you can keep your initial investment earning interest in a tax-sheltered bond until ______.
Choose wisely. There is only one correct answer.
2028. Your Series EE bond will earn interest for 30 years.