Bonds issued by state and local governments are called ________.

Name: Bonds issued by state and local governments are called ________.
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Bonds issued by state and local governments are commonly referred to as municipal bonds. These bonds are a way for local governments to raise capital to fund projects such as roads, schools, and public utilities. They are typically exempt from federal and/or state taxes, making them attractive to investors seeking tax-free income.

Bonds Issued by State and Local Governments Are Called ________