Which of the Following Statements Is FALSE

question 50

Multiple Choice

Which of the following statements is FALSE?

• A)Zero-coupon Treasury securities with maturities longer than one year also trade in the bond market.
• B)Treasury securities are initially sold to the public through dealers.
• C)Municipal bonds ("munis")are issued by state and local governments.
• D)Municipal bonds' distinguishing characteristic is that the income on municipal bonds is not taxable at the federal level.

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Definitions:

Social Category

A group of people who share a common characteristic, such as age, gender, or occupation, without necessarily interacting or identifying with each other.

Identity

The characteristics, feelings, or beliefs that distinguish people from one another, encompassing aspects like nationality, culture, religion, and personal traits.

Interest Group

An organization or collection of individuals that seeks to influence public policy in favor of its shared interests.

Primary Group

A primary group is a small social group whose members share close, personal, enduring relationships characterized by strong emotional ties and face-to-face interaction.