Which of the Following Statements Regarding Municipal Bonds Is FALSE

question 7

Multiple Choice

Which of the following statements regarding municipal bonds is FALSE?

• A)A single municipal bond issue will often contain a number of different maturity dates.Such issues are often called multi-muni bonds because the bonds are scheduled to mature over a multiple number of years.
• B)Revenue bonds are where the local government pledges specific revenues generated by projects that were initially financed by the bond issue.
• C)Municipal bonds are sometimes also referred to as tax-exempt bonds.
• D)Bonds backed by the full faith and credit of a local government are known as general obligation bonds and are not as secure as bonds backed by the full faith and credit of the federal government.

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Definitions:

John Porter

A Canadian sociologist best known for his significant contributions to the study of social stratification, class, and mobility, especially through his seminal work "The Vertical Mosaic."

Multicultural Policy

A directive or approach adopted by an organization or government to respect and cater to the diverse cultural backgrounds within a society.

Cultural Diversity

The presence of a variety of cultural or ethnic groups within a society, contributing to a range of experiences, values, and worldviews.

Equity and Inclusion

Principles aimed at ensuring fair treatment, access, opportunity, and advancement for all individuals, while striving to identify and eliminate barriers that have prevented the full participation of some groups.