Which one of the following instruments is the least important in terms of funds raised in the credit markets?
A)U.S.government securities
B)tax-exempt obligations
C)corporate bonds
D)mortgages

Question

Quizplus · Accepted Answer

Tax-exempt obligations, also known as municipal bonds, are issued by state and local governments and typically have lower yields than other credit market instruments. As a result, they typically raise less funds compared to U.S. government securities, corporate bonds, and mortgages.

Which One of the Following Instruments Is the Least Important