alleryBonds issued by states, cities and counties are called:
AMunicipal bonds
BMutual bonds
CMarginal bonds
DMonthly bonds
Answer & Solution
Correct answer: A. Municipal bonds
1. The issuers are governments below the centre.
2. Local agencies issue them too.
3. They are municipal bonds.
_Source: OpenStax Introduction to Business, Chapter 16, Understanding Financial Management and Securities Markets._
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