Series 22: 1.2.5.1. Municipal Securities

Taken from our Series 22 Top-off Online Guide

1.2.5.1. Municipal Securities

Municipal securities are bonds, notes, and other types of securities issued by states, cities, and counties to fund their operations. Municipal securities are issued by school districts, highway departments, and other public authorities to finance specific projects, such as public education, highway construction, football stadiums, and mass transit systems.

Municipal bonds are different from corporate and other government bonds because they are not r

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