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Income Beginner:
US Savings Bonds
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Choose wisely. There is only one correct answer to each question.
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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 down payment
Low interest rate
Small monthly payments
No seller's commissions
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
False
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.
A high rate of return on your investment
A high level of risk
The small minimum purchase required
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 be the top-earning savings bond
To provide a rate of return that keeps pace with inflation
To replace the Series HH bond
To replace the Series EE bond
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 a member of your immediate family
You belong to the Federal Reserve
The owner is your child
You can prove that no one else is entitled to cash the bond
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
2030
2048
2058
2028. Your Series EE bond will earn interest for 30 years.
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