1) If you redeem an I bond within the first five years, you will forfeit the 3 most recent
months’ interest; after five years, you will forfeit the 12 most recent months’ interest.
2) You redeem your shares in an open-end mutual fund by selling them to another
investor.
3) A bond rating represents the opinion of an insider on the quality of the issuing
organization.
4) Laddering your bond investments prevents you from receiving a regular stream of
income from interest and bonds that mature.
5) Commissions are not charged when purchasing an annuity.
6) The safest type of endorsement on a check is a blank endorsement.
7) The death benefit of a life insurance policy is always the same amount as the face
value.
8) Interest rates on fixed-rate conventional loans are typically 1 to 3 percent lower than
rates on adjustable-rate mortgages.