Since 1900, the Average Annual Return on Savings Accounts Has

question 33

True/False

Since 1900, the average annual return on savings accounts has been higher than the return on stocks.

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Definitions:

Interest Income

Income earned from the lending of funds or depositing money in interest-bearing accounts.

OID

Original Issue Discount; it refers to the difference between the original issue price of a bond and its maturity value, treated as interest for tax purposes.

Series I Savings Bonds

A type of U.S. savings bond designed to protect the value of your cash from inflation.

Qualified Higher Education Expenses

Expenses required for enrollment or attendance at an eligible educational institution, including tuition, fees, books, supplies, and equipment.