Series 53: Exercise

Exercise

Fill in the blank.

1. The final settlement of municipal syndicate accounts is _____ (30 or 60 or 90) days.

2. The date at which the bonds are delivered to the underwriters and paid for is called the _____ date. It is also called the _____ date.

3. _____ and _____ are reported through the SHORT System.

4. The _____ is a municipal securities dealer that has been hired by the issuer to determine the new interest rates for each reset date and to remarket the tendered bonds.

Answer TRUE or FALSE.

5. TRUE or FALSE. Municipal securities are often sold in the primary market on a when-issued basis.

6. TRUE or FALSE. Variable-rate demand obligation holders have