Series 7 Exam Practice Test 4: Municipal Securities

1. A municipal special assessment bond is

2. Ayla K. is new to investing in municipal bonds, and she's primarily concerned about the safety of her principal and income. Which of the following bonds would be the best recommendation for Ayla?

3. Which of the following municipal securities could have a rating of MIG 2?

4. Which of the following WOULD NOT affect the marketability of an outstanding municipal bond issue?

5. All of the following affect the marketability of an outstanding municipal bond EXCEPT

6. Which of the following types of municipal bond issues is usually underwritten on a competitive basis?

7. Which of the following municipal securities could have a rating of MIG 2?

I. PN

II. Tax exempt commercial paper

III. TRAN

IV. IDR

8. Municipal bonds issued by each of the following would be triple tax free EXCEPT

9. Which of the following IS NOT a type of municipal note?

10. Municipal bonds settle regular way

11. An IDR is

12. Which of the following municipal bonds allow the municipality to receive tax credit payments from the U.S. Treasury of 35 percent of the amount of interest paid?

13. Which of the following Bond Buyer indexes measures the average price of a group of bonds instead of the average yield?

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

15. Municipal bonds typically have a minimum face value of