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A Bond Issued by a Local (Municipal)government in Canada May

Question 26

Multiple Choice

A bond issued by a local (municipal) government in Canada may contain the following features:


A) General obligation; revenue bond; or serial bonds,with no federal or provincial guarantee.
B) General obligation; revenue bond; or serial bonds,with only a provincial guarantee.
C) General obligation; revenue bond; or serial bonds,with only a federal guarantee.
D) Only general obligation or serial bonds,with no federal or provincial guarantee.
E) Only general obligation or serial bonds,with only a provincial guarantee.

Correct Answer:

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