A _____ bond is a bond that is issued by a state or local government and that usually is used to fund specific projects.

Question

Quizplus · Accepted Answer

Municipal bonds are issued by state or local governments to fund specific projects, such as building schools, highways, or sewer systems. These bonds offer tax advantages to investors, including tax-free interest income at the federal level and often at the state and local levels if the investor resides in the issuing state.

A _____ Bond Is a Bond That Is Issued by a State