Final answer:
A stretched rubber band has elastic potential energy, which is a form of potential energy stored due to its stretched condition.
Step-by-step explanation:
When a rubber band is stretched out, it possesses elastic potential energy. This is a type of potential energy stored due to the stretching of the rubber band, which is similar to the potential energy stored in a drawn bow or a compressed spring. Let's consider various forms of energy. Kinetic energy is the energy possessed by an object because of its motion, like a basketball bouncing on the ground. In contrast, potential energy is energy stored due to an object's position, composition, or condition, such as water at the top of a waterfall, a charged battery, or in this case, a stretched rubber band. As long as the rubber band remains stretched and not in motion, it does not have kinetic energy, which is associated with movement.