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6 years ago
Many savers are willing to accept a lower interest rate on municipal bonds than on comparable instruments because
A) the after-tax yield on municipal bonds is greater.
B) municipal bonds invariably have lower default risk.
C) municipal bonds are more liquid than most other instruments.
D) the yield on municipal bonds is considered inflation proof.
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Money, Banking, and the Financial System

Money, Banking, and the Financial System


Edition: 3rd
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