Examlex
Which word best describes how sovereignty is exercised in a federal state?
Tax Free Municipal Bond
A type of bond issued by local governments or their agencies, the interest from which is exempt from federal income taxes.
Taxable Yield
The interest rate on a bond or security that is subject to taxes, as opposed to a tax-exempt yield.
Tax Bracket
Categories of income tax rates that increase progressively with the level of taxable income of the taxpayer.
Price-Weighted Index
A stock market index in which each stock influences the index in proportion to its price per share.
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