Series 53: Exercise

Exercise

Answer TRUE or FALSE

1. 1. TRUE or FALSE. A bond resolution is typically used for GO bonds, but not typically used for revenue bonds.
2. 2. TRUE or FALSE. The SEC prohibits broker-dealers from buying or selling any municipal security for which they did not receive an official statement and a pledge of continuing disclosure.
3. 3. TRUE or FALSE. The issuer would rather receive a qualified letter from the bond counsel than an unqualified letter.
4. 4. TRUE or FALSE. The syndicate letter is an agreement between the issuer and the syndicate members.
5. 5.&#