INSTRUCTIONS: Choose the Word or Phrase in [ ] Which

question 66

Short Answer

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
Municipal bonds are exempt from [ federal income tax | capital gains tax ].

---

Definitions:

Twentieth Century

The century spanning from January 1, 1901, to December 31, 2000, marked by significant global changes in technology, politics, and society.

Nonrenewable Resources

Finite resources that can become exhausted; includes those that take so long to replenish as to be effectively finite.

Geological Processes

The natural dynamics and events, such as volcanic eruptions, earthquakes, and erosion, which shape the Earth's landscape and structure.

Biodiversity

The variety of species of plants and animals existing at any given time.