True or false: US savings bonds are a type of saving plan.
Understand the Problem
The question is asking whether US savings bonds qualify as a type of saving plan. We will assess the characteristics of savings bonds and how they relate to saving plans to determine if the statement is true or false.
Answer
True
True, US savings bonds are a type of saving plan.
Answer for screen readers
True, US savings bonds are a type of saving plan.
More Information
US savings bonds are issued by the U.S. Department of the Treasury and are considered a low-risk investment backed by the U.S. government. They are intended as a savings tool and are designed to help individuals save money over time.
Tips
A common mistake is confusing savings bonds with stocks or high-risk investments. Remember, savings bonds are a government-backed savings tool, not a market-traded investment.
Sources
- Treasury Savings Bonds Explained - Fiscal Data - fiscaldata.treasury.gov
- Guide to Savings Bonds - Bankrate - bankrate.com
- U.S. Savings Bonds Explanation - TreasuryDirect - treasurydirect.gov