The most important feature of municipal bonds is

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The most important feature of municipal bonds is that the interest earned on them is not taxable by the federal government. This makes them advantageous for investors who are looking for tax-exempt income. While municipal bonds are generally considered to be low-risk investments, there is still some degree of risk associated with them. However, the tax benefits associated with municipal bonds often outweigh the risks. The availability of different denominations and maturities, risk-free nature, and growth potential are important features of municipal bonds, but not as crucial as their tax-free status.

The Most Important Feature of Municipal Bonds Is