Municipal Bonds Notes Questions with Answers PDF Download – Test 67

The treasury securities are exempted from

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

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

The Federal Reserve decreases the money supply by

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

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

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