Many Savers Are Willing to Accept a Lower Interest Rate

question 32

Multiple Choice

Many savers are willing to accept a lower interest rate on municipal bonds than on comparable instruments because

• A)the after-tax yield on municipal bonds is greater.
• B)municipal bonds invariably have lower default risk.
• C)municipal bonds are more liquid than most other instruments.
• D)the yield on municipal bonds is considered inflation proof.

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Definitions:

SMI

Stands for Serious Mental Illness, a term that describes mental disorders that significantly interfere with one or more major life activities.

Community Mental Health Center

A facility that provides a wide range of mental health services to the community, including therapy, counseling, and crisis intervention.

Supported Employment

A service model designed to help people with disabilities, including those with mental health conditions, find and maintain meaningful employment in mainstream job markets.

SMI

An acronym for Serious Mental Illness, which refers to a mental, behavioral, or emotional disorder resulting in serious functional impairment and major life activities.