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Financial securities issued by local and state governments are called ____________?

Financial securities issued by local and state governments are called Municipal Bonds. These bonds help finance public projects like schools, highways, and infrastructure.... Read More

1 FINANCE MCQS

Financial securities issued by local and state governments are called ____________?

  • Municipal bonds
  • Reserve bonds
  • State bonds
  • Federal bonds
Correct Answer: A. Municipal bonds

Detailed Explanation

Financial securities issued by local and state governments are called Municipal Bonds. These bonds help finance public projects like schools, highways, and infrastructure.

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