james872
contestada

A savings bond functions most like which of the following?

A bill for a service like electricity, which is paid to the provider every month
A loan to any government agency, which is repaid on an installment plan
A loan to the federal government, which is repaid to the creditor with interest
An individual credit card debt, which is never repaid and keeps earning interest

Respuesta :

Answer:

Your answer would be B, A loan to any government agency, which is repaid on an installment plan.

Explanation:

HOPE THIS HELPS!! :)

A savings bond functions most like a loan to any government agency, which is repaid on an installment plan, Thus, option (b) is correct.

What is saving bond?

Savings bonds operate through the payment of interest and the compounding of interest. A savings bond can accrue interest, but it is not paid out until the bond is redeemed.

Governments and businesses both issue bonds as a means of raising capital. In exchange, they pledge to repay you the face amount of the loan on a particular date and to pay you interest on the bond at regular intervals.

As a result, option (b) is correct.

Learn more about on savings bond, here;

https://brainly.com/question/16653130

#SPJ2

Otras preguntas