Which of the Following Is Not True of U

question 57

Multiple Choice

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

• A)The rate on new issues is set relative to the rates on other Treasury loans.
• B)Taxes on on interest can be deferred until the bond is redeemed.
• C)The interest income is taxed by states and local governments.
• D)Some interest is forfeited if the bonds are redeemed before five years.

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Definitions:

Clarifying

The process of making something understandable or clear, often by explaining it in more detail.

Assumptions

Premises or beliefs taken as true without verification, often serving as starting points for reasoning and decision-making.

Realities

The actual condition of affairs, contrasting with a theoretical or imagined scenario.

Excited

The state of being energized or enthusiastic about something, often with anticipation or eagerness.