Bonds Issued by State Governments Are Referred to as Semi-Government

question 93

True/False

Bonds issued by state governments are referred to as semi-government bonds.

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Definitions:

Corporation

A legal entity that is separate and distinct from its owners, providing limited liability to its shareholders.

The Board of Directors

A group of individuals elected by the shareholders of a corporation to oversee and make decisions on behalf of the corporation.

Partnership

An officially authorized business partnership in which two or more persons co-manage the operation and profit-sharing.

Limited Liability Company

In the United States, a company framework where the owners bear no personal responsibility for the firm's financial obligations or liabilities.