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:

Environmental Quality

The condition of the natural environment and its ability to sustain life, maintain ecological processes, and support biodiversity.

Wealthy Countries

Wealthy countries are nations with a high level of income per capita, advanced infrastructure, and a strong standard of living.

Competitive Market

A market structure where many firms offer products or services that are similar, allowing consumers to have choices, driving prices down.

Resource Use

The way in which human societies utilize natural resources to fulfill their needs and wants.