Which One of the Following Generally Applies to Municipal Bonds

question 82

Multiple Choice

Which one of the following generally applies to municipal bonds?

• A) issued as term bonds without a sinking fund
• B) $5,000 par value
• C) trading based on price quotes
• D) highly liquid market
• E) callable at any time at par value

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Definitions:

Bedridden

The condition of a person who is unable to get up from bed due to illness, disability, or weakness.

Mineral Oil

A colorless, odorless petroleum derivative used as a laxative or to soothe skin.

Diuretic Effect

Refers to the increased passage of urine caused by substances (diuretics) that help in the removal of fluid from the body.

Cranberry Juice

A liquid extracted from cranberries, often used for its health benefits, including urinary tract health.