A Municipal Variable Rate Demand Bond (VRDB)

question 61

Multiple Choice

A municipal variable rate demand bond (VRDB) :
I.is a long-term security;
II.has interest payments linked to the level of short-term interest rates;
III.may periodically be sold back to the issuer at face value;
IV.is tax-exempt

• A)I only
• B)I and II only
• C)I,II,and III only
• D)I,II,III,and IV

---

Definitions:

Bipolar Disorder

A psychiatric disorder marked by extreme mood swings, including periods of depression and episodes of mania or hypomania.

Disruptive Mood Dysregulation Disorder

A psychiatric disorder in children characterized by persistent irritability and frequent episodes of extreme, inappropriate anger.

Uncontrolled Rage

Intense, uncontrollable anger that may lead to violent behavior or emotional outbursts, often requiring intervention to manage.

DSM-5

The Diagnostic and Statistical Manual of Mental Disorders, Fifth Edition, a comprehensive classification and diagnostic tool used in psychiatry.