Morgan,a Financial Advisor,has Told Her Clients the Following Things

question 24

Multiple Choice

Morgan,a financial advisor,has told her clients the following things.Which of her statements is not correct?

• A)"U.S.government bonds generally pay a higher rate of interest than corporate bonds."
• B)"The interest received on corporate bonds is taxable."
• C)"U.S.government bonds have the lowest default risk."
• D)"If you purchase a municipal bond,you can sell it before it matures."

---

Definitions:

Associations

Groups or organizations formed for a specific purpose, which can range from professional guilds to social clubs, often characterized by a shared interest or goal.

Act of Joining

This refers to the process of connecting or uniting different elements, groups, or structures.

Eskimo System

Refers to a kinship system that distinguishes relatives based directly on their relationship to the ego or the speaker, common in Western societies.

Equal Prestige

Situation in which different statuses, roles, or positions in society are regarded as equally respectable.