Banks may invest in municipal bonds issued by smaller local governments and claim 80 percent of deductions for tax purposes on the interest amount of funds borrowed to purchase these securities.These bonds are known as ____________ bonds.

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The Answer of Banks may invest in municipal bonds issued by smaller local governments and claim 80 percent of deductions for tax purposes on the interest amount of funds borrowed to purchase these securities.These bonds are known as ____________ bonds.

Banks May Invest in Municipal Bonds Issued by Smaller Local