Quizzes (/quiz-school/browse/) › Country (/quiz-school/topic/country) › Government (/quiz-school/topic/government) › Municipal Securities - The Primary Market
Municipal Securities - The Primary Market 10 Questions | By Lpinchik | Last updated: Jan 25, 2013
Related Quizzes Types Of Government Quiz (/quizschool/story.php?title=types-government-quiz) Feb 28th Implicit Assumptions 5 Ques 3 Mins (/quiz-school/story.php?title=feb-28th-implicitassumptions-5-ques-3-mins)
Start
Government Quiz (/quiz-school/story.php? title=government-quiz_27)
Questions and Answers 1. Which of the following does not describe Tax Exemption?
Government Shutdown Rumors: True Or False? (/quiz-school/story.php?title=NTYyNzY1) Government Union Quiz (/quiz-school/story.php? title=chapter-5-quiz_28)
A. Interest from most municipal securities is exempt from federal income taxes B. Daily reference rate based on the interest rates at which banks borrow funds
Make your website happen
from other banks in the London wholesale money market
C. Each state exempts interest on its own municipal securities from its residents’ personal income tax.
D. A state may exempt interest paid by another state’s municipal securities. 2. Which of the following is not a characteristic of a rating agency?
A. Assigns rating to a bond issuance B. Update ratings periodically while debt is outstanding C. Maximizes pricing competition between providers
Featured Quizzes
D. May be consulted on potential credit structures and fiscal actions
What Does Your Personality Say About The Type Of Job You Should Have? (https://www.proprofs.com/quiz-school/story.php? title=what-job-should-you-have_2)
3. Which of the following describes a Fixed Rate Bond?
How Can I Tell What I Exactly Want For My Birthday? (https://www.proprofs.com/quizschool/story.php?title=pq-what-do-i-want-for-mybirthday_2tj)
A. Unsecured promissory notes B. 10, 20, 30-year maturities C. Usually mature in one year or less
Wanna Find Out, What Animal Am I? (https://www.proprofs.com/quiz-school/story.php? title=what-animal-am-i-quiz_1)
D. Coupon rate is reset periodically E. Bank letter or credit required
What Type Of Girl Is Right For You? (https://www.proprofs.com/quiz-school/story.php? title=what-type-girl-is-right-you-boys-only)
4. When preparing for pricing which of the following is a characteristic of
underwriting liability?
A. Providing incentives to perform
What Type Of Guy Suits Your Personality? (https://www.proprofs.com/quiz-school/story.php? title=what-type-guy-suits-your-personality)
Related Topics
B. Promoting equal opportunities
Law (https://www.proprofs.com/quizschool/topic/law)
C. Proportionate share of bonds assumed by team members D. Broadening distribution
E. Lowering costs 5. The fundamental elements of a bond include:
Local Government (https://www.proprofs.com/quiz-school/topic/localgovernment)
A. Price
Society (https://www.proprofs.com/quizschool/topic/society)
B. Coupon
President (https://www.proprofs.com/quizschool/topic/president)
C. Par Amount D. Yield E. All of the above 6. _________ is the date the principal of a municipal bond becomes due and
payable to the bondholder.
A. Expenses B. Debt management C. Trustee D. Maturity 7. What is debt service?
A. The term for the schedule upon which bonds pay principal and interest to the investor/bond holders.
B. Benefit of Long-Term Banking Support for Long-Term Capital Program Needs. C. The Syndicate which Names the Lowest Interest Cost is the Winning Bidder. D. All of the above 8. Which of these is not the duty of a financial advisor (FA)?
A. Assists in developing the financing plan B. Assists in underwriter evaluation and selection C. Assists in preparing rating agency presentations D. Evaluates market conditions and pricing performance of senior manager E. All of the above are duties of a financial advisor 9. What documents are included in a bond issuance?
A. Legal opinion B. Tax certificate C. Offical statement D. Bond resolution E. All of the above 10. What is a yield curve?
A. Daily reference rate based on the interest rates at which banks borrow funds from other banks in the London wholesale money market.
B. The relation between the interest rate (or cost of borrowing) and the time to maturity of the debt.
C. Competition for negotiated financings minimized spread difference. D. Evaluation of market conditions and pricing performance of senior manager
Back to top (https://www.proprofs.com/quiz-school/)
Municipal Securities - The Primary Market - ProProfs Quiz
Quizzes (/quiz-school/browse/) › Country (/quiz-school/topic/country) › Government (/quiz-school/topic/government) › Municipal Securities - The Primar...