_____ bonds are issued by a state or local unit of government.
A) Corporate-entity
B) Mortgage
C) Government-agency
D) Municipal

Question

Quizplus · Accepted Answer

Municipal bonds are issued by state or local governments and are used to finance public projects such as schools, highways, and parks. These bonds are exempt from federal taxes and may also be exempt from state and local taxes, making them a popular investment choice for individuals seeking tax-free income.

_____ Bonds Are Issued by a State or Local Unit