Which of the following is false?
A) U.S. government bonds are issued by the Bureau of the Public Debt and sold in regularly scheduled competitive auctions.
B) Treasury bonds are a full faith and credit obligation of the U.S. government and are free from interest rate and default risk.
C) The secondary market in Treasury bonds is an over-the-counter market formed by a group of government securities dealers.
D) Interest earned on Treasury bonds is exempt from state income taxes.
Correct Answer:
Verified
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