When you buy a U.S. government savings bond, you're doing so under the power given to Congress to?

Question

A. regulate commerce.
B. levy taxes.
C. print and coin money.
D. borrow money

Answer 1

D.

Savings bonds are loans to the government for a predetermined period of time (generally seven years or longer). They were designed primarily to help fund the U.S. war effort in World War II and were originally called war bonds. After the war, the bond program was continued and retitled U.S. savings bonds.

In essence, the U.S. savings bond program is a method by which the United States government, who usually lacks the amount of funds needed to meet existing obligations, can borrow from you, a resident in the United States, with a promise to repay the amount that was borrowed from you, with interest, after a certain number of years. U.S. savings bonds are the investments that make it possible for our government to run the huge budget deficits that make trade shortfalls an ever-present fact of American life.

Since U.S. savings bonds are obligations of the U.S. government, in that they are loans made directly to the government, they are considered to be as secure as the U.S. government. On a scale of 1 to 10, savings bonds might be given an income rate of 5, a growth rate of 0, and a risk of 1. Interest paid on savings bonds is exempt from state and local income taxes, and federal income taxation can be postponed until you cash your bond or until it stops earning interest in 30 years. In addition, lost, destroyed, or stolen bonds can be replaced.

Answer 2

This Site Might Help You.

RE:
When you buy a U.S. government savings bond, you're doing so under the power given to Congress to?
A. regulate commerce.
B. levy taxes.
C. print and coin money.
D. borrow money

Answer 3

D

Savings bonds are not the best money makers.

But they are secure. If the government goes under money will be worthless any way.

Answer 4

E. Bilk gullible AmeriKans out of their loose money under the false pretense that they will earn interest.

Actually.. the answer is "D"... but savings bonds are the absolute WORST investment possible.

Answer 5

These are not war bonds so the money can't be used to support the war effort,as far as i know they go in to a general fund,& used to buy $90 hammers,$200 toilet seats,also to build bridges to no where,as in Alaska.

Answer 6

E. screw the tax payer out of even more dollars

Answer 7

I believe what you seek is at this website......study it anyway okay.

Answer 8

"Spend and Borrow" --- it's what they do best!

Answer 9

d................... stop bing a smart axx