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Financial Quiz #5

True/False
Indicate whether the sentence or statement is true or false.
 

 1 

Bonds are basically loans to corporations and governments.
 

 2 

Munis is another name for corporate bonds.
 

 3 

Generally, you do not pay income tax on the interest earned on municipal bonds.
 

 4 

Minors may own U.S. Savings Bonds.
 

 5 

You must have a social security number or some form of government identification to own U.S. Savings Bonds.
 

Multiple Choice
Identify the letter of the choice that best completes the statement or answers the question.
 

 6 

A printed certificate (now often electronic) with a promise to pay a definite amount of money at a stated interest rate on a specified maturity date is the basic definition for:
a
stock
b
interest
c
IRA
d
bond
 

 7 

Which is NOT a type of U.S. Savings Bond discussed in your notes?
a
Series G
b
Series I
c
Series EE
d
Series HH
 

Numeric Response
 

 8 

Bonds are generally bought and sold in increments of $_______. (no commas in the answer)

 

Completion
Complete each sentence or statement.
 

 9 

The amount being borrowed by the seller of the bond is known as _______  _________. (no capitalization; two words; spelling counts)
 

 

 10 

For the 10 years after the attacks that occurred on September 11, 2001, U.S. Series ____ bonds were also referred to as ‘Patriot Bonds’. (capitalize your answer)
 

 



 
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