Bonds issued by the U.S.government

Name: Bonds issued by the U.S.government
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Bonds issued by the U.S. government are considered to be default-free because the government has the ability to print money to cover its debt obligations. However, they are not exempt from interest-rate risk and do not provide totally tax-free income. While the interest paid on these bonds is exempt from state and local taxes, it is subject to federal income tax.

Bonds Issued by the U.S.government