Municipal bonds bought by residents of the state that issues them are a ___________ investment.

Name: Municipal bonds bought by residents of the state that issues them are a ___________ investment.
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Question

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Municipal bonds are considered debt instruments, and when residents of the issuing state purchase them, the interest earned is typically exempt from federal and sometimes state and local taxes, making them a tax-exempt debt investment.

Municipal Bonds Bought by Residents of the State That Issues