Series 7 Exam Question 44: Answer and Explanation

Question: 44

Which source of information for municipal bonds would provid retail investors with electronic copies of official statements?

• A. FGIC
• B. EMMA
• C. RTRS
• D. TM3

Correct Answer: B

Explanation:

B. EMMA (Electronic Municipal Market Access) provides retail investors with information about municipal securities. EMMA, which is on the MSRB website, also provides retail time price information and indicates if bonds are pre-refunded, where there is enough money in the sinking fund to pay off the debt on the first call date.