Municipal Securities Flashcards
1
Q
Municipal interest is tax exempt at what level?
A
Federal.
2
Q
Who are municipals appropriate for?
A
Investors in a high marginal tax bracket seeking income
3
Q
What are municipals NOT suitable for?
A
Retirement accounts
4
Q
GO bonds
A
Backed by the full faith and credit of the issuing municipality (safety)
5
Q
Revenue bonds
A
Backed by user fees