Which of the Following Statements Regarding Series EE U

question 70

Multiple Choice

Which of the following statements regarding Series EE U.S.savings bonds is not true?

• A)A $100 bond can be purchased for $50.
• B)The interest is usually compounded semiannually.
• C)Interest is tax-free at redemption if the proceeds are used to fund a child's college education.
• D)The interest on the bonds is paid out semiannually.

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Definitions:

Domestic Consumers

Households or persons in a country acquiring goods and services for individual use.

Domestic Producers

Businesses or individuals within a country that produce goods or services.

Exports

Goods and services sold by a country to other countries.

Domestic Price

The cost of goods and services within a country, affected by local economic factors such as inflation, taxation, and supply and demand.