Reference no: EM131991610

1. The interest earned on your Series EE savings bonds

a. will be taxable every year as it accrues.

b. will be tax-deferred until redemption.

c. will be subject to both federal and state income taxes upon redemption.

d. is tax-free of both federal and state income taxes upon redemption.

2. ____ is a reason for owning your own home.

a. Pride of ownership

b. A feeling of permanence

c. A sense of stability

d. A tax shelter

e. Any of these

3. The least expensive method for banks to interact with their customers is

a. in person.

b. on the phone.

c. online.

d. ATM machine.

e. self service kiosks.

4. Which of the following is true regarding cooperative apartments?

a. They are essentially the same as condominiums.

b. It may be more difficult to obtain a home mortgage for them.

c. They tend to be more expensive than single-family dwellings.

d. They produce more tax advantages than other types of homes.

e. All of the above are true.