SIE Exam Practice Question 734
Question: 734
Which of the following are characteristics of Series EE bonds?
(1) They may be purchased for an amount equal to one-half of face value.
(2) They may be purchased for a minimum price of $25 for a $50 bond.
(3) The U.S. Treasury guarantees that an EE bond's value will double after 10 years.
(4) They may be purchased for a maximum price of $5,000 for a $10,000 bond.
Correct Answer: B
Explanation:
Series EE bonds may be purchased for an amount equal to one-half of face value. The minimum price is $25 for a $50 bond, and the maximum price is $5,000 for a $10,000 bond. At a minimum, the U.S. Treasury guarantees that an EE bond's value will double after 20 years.
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