Financial TQ – US Bonds

A U.S. savings bond is:

  1. A government IOU
  2. Publicly traded debt
  3. Something the government stopped selling in 1994
  4. The only kind of federal backed stock.

Answer:  A. It really is an IOU. The government is borrowing money from you–$50 or whatever—and promised to pay you back your principal plus interest at some future point.

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By |2017-01-10T17:42:18+00:00October 11th, 2015|Financial Tips|