Which One of the Following Is the Distinguishing Characteristic of a Municipal

question 25

Multiple Choice

Which one of the following is the distinguishing characteristic of a municipal bond fund?

• A)high-yield
• B)federally tax-free income
• C)mortgage backed
• D)short-term
• E)low quality

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Definitions:

Greater Expertise

A high level of skill or knowledge in a particular area, acquired through education, practice, and experience.

Nonexperts

Individuals who do not have specialized knowledge, training, or skill in a particular area or subject.

Affective Component

Part of an attitude related to emotion and feeling, influencing how individuals feel about an object, person, or situation.

Situational

Pertaining to or dependent upon the context or specific circumstances in which an event occurs.