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.
The Series I savings bond combines a fixed interest rate with _______.
Choose wisely. There is only one correct answer.
An adjustable rate based on inflation
An adjustable rate based on five-year Treasury securities
The Federal Reserve's prime rate
An adjustable rate based on inflation. The purpose of this is to provide a return that keeps pace with inflation.
2.
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.
3.
You can purchase a savings bond at ________.
Choose wisely. There is only one correct answer.
Your city or town hall
TreasuryDirect
Your bank or credit union
Your state capitol
TreasuryDirect. You can buy a savings bond online at this location.
4.
You can still purchase series HH savings bonds.
Choose wisely. There is only one correct answer.
True
False
False. You can no longer purchase series HH bonds.
5.
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.
6.
Jan owns $3,300 worth of series EE bonds that will mature soon. She can _______.
Choose wisely. There is only one correct answer.
Exchange them for four $1,000 series HH bonds and one $500 HH bond at face value
Exchange them for three $1,000 series HH bonds at face value and $300 cash
Exchange them for three $1,000 series HH bonds at face value with an additional payment of $300
Redeem her bonds, but she can no longer exchange them for Series HH bonds
Redeem her bonds, but she can no longer exchange them for Series HH bonds. Series HH bonds have not been available for sale or exchange since 2004.
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DONE