Answers 2027 Ignite Financial Literacy-Personal Finance - EL3403 Banking: How to Manage Your MoneyQuestion 1

1

QuizMultiple Choice

Banking: How to Manage Your Money

Question 1 • 2027 Ignite Financial Literacy-Personal Finance - EL3403

What is one benefit of purchasing saving bonds?

Answer

A

Saving bonds are purchased from the government and guaranteed to increase in value.

B

Saving bonds are purchased from commercial banks and guaranteed to increase in value.

C

Saving bonds are short term investments backed by the government to protect from loss.

D

Saving bonds are long term investments created to help first time home buyers obtain a mortgage.

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What is one benefit of purchasing saving bonds?