Amorphous Fe100−xBx (11.5 ≦ x ≦ 22) binary alloys are made in a ribbon form from melts by a single roller quenching method, and the temperature dependence of Young's modulus is measured as functions of the boron content and the annealing temperature. In the alloys used, Elinvar characteristics are found over a wide range between −100°C and the Curie temperature. The ΔE effect and the linear saturation magnetostriction largely depend on the boron content and the annealing temperature indicating maximum values of about 70% and about 50 × 10−6, respectively. Temperature coefficient of delay time calculated from the coefficients of thermal expansion and Young's modulus is extremely small around room temperature because these alloys exhibit simultaneously Invar and Elinvar characteristics.