Question

Significant investment features for the purchaser of municipal bonds include all of the following EXCEPT: A interest is currently federal tax exempt B maturities and issues may be diversified C interest is currently state and local tax exempt D insured issues are available for customers wishing minimum credit risk

Answer 1

Answer: the correct answer is C interest is currently state and local tax exempt.

Explanation:

A municipal bond is a debt obligation issued by a non-profit organization.

The option C. offers regular or common features that's why it is the correct answer (they are not significant).