Municipal Bonds Notes Questions with Answers PDF Download – Test 67

MCQ 331: The treasury securities are exempted from:

1. federal taxes
2. local and state taxes
3. federal discounts
4. deferral premium

MCQ 332: The ability of an asset to be converted in to cash very quickly is classified as:

1. variable securities
2. convertible securities
3. liquidity
4. constant securities

MCQ 333: The Federal Reserve decreases the money supply by:

1. selling Swiss bills
2. buying Swiss bills
3. selling treasury bills
4. buying treasury bills

MCQ 334: The bonds that are usually unsecured and are only backed by worthiness of issuing firm are classified as:

1. untimed indentures
2. untimed debentures
3. indentures
4. debentures

MCQ 335: The votes for each stock holder were multiplied to number of elected directors, to calculate:

1. number of cumulative class
2. number of votes assigned
3. number of elective candidates
4. number of common stock shares