Jim Andrews purchased a government security that cost $50. At maturity, this security will be worth $100. Jim purchased a

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U.S. savings bonds are designed to be a long-term investment option offered by the Department of the Treasury. They are purchased at a discount to their face value and mature over time, at which point they can be redeemed for their full face value. The scenario described fits the characteristics of a U.S. savings bond, where the security is bought for $50 and matures to $100.

Jim Andrews Purchased a Government Security That Cost $50