The US Constitution Provides That Federal Statutes Supercede Provisions of State

question 76

True/False

The US Constitution provides that federal statutes supercede provisions of state constitutions and state statutes.

---

Definitions:

Maple Bonds

Foreign corporate or foreign government bonds issued in Canadian dollars to Canadian investors. Because maples are denominated in Canadian dollars, there is no currency or foreign interest rate risk.

Canadian Dollars

The official currency of Canada, symbolized as CAD.

Foreign Investors

Individuals or institutions from outside a country who invest in that country's assets, such as stocks, bonds, or real estate.

Callable Bond

A Callable Bond is a type of bond that can be redeemed by the issuer before its maturity date, at a specified call price.