Essential public projects are exempt from federal taxation

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Reference no: EM131901557

1. In terms of municipal debt financing, general obligation bonds tend to be issued more frequently—and account for a larger dollar share of total issued—than revenue bonds.

True

False

2. Municipal bonds that are issued to pay for essential public projects are exempt from federal taxation.

True

False

3. Most stock trading in the U.S. occurs in over-the-counter markets rather than on organized exchanges.

True

False

Reference no: EM131901557

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