Question
Because returns on municipal bonds are _________, they have lower _________. Answer
tax free; interest rates taxed heavily; default risk backed by local governments; liquidity very risky; interest rates Because returns on municipal bonds are _________, they have lower _________. Because returns on municipal bonds are _________, they have lower _________. Because returns on municipal bonds are _________, they have lower _________. tax free; interest rates taxed heavily; default risk backed by local governments; liquidity very risky; interest rates tax free; interest rates taxed heavily; default risk backed by local governments; liquidity very risky; interest rates
Explanation / Answer
tax free; interest rates