Investors seeking tax-exempt income should invest in

A) index funds.
B) government bond funds.
C) municipal bond funds.
D) money market funds.


Answer: C

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In a rising stock market, the result of any subsequent sale of a firm's previously issued common shares from one investor to another (such as occurs on public stock exchanges):

a. the total paid-in capital amount reported on a balance sheet will usually be less than the current market value of the common shares. b. the total paid-in capital amount reported on a balance sheet will usually be greater than the current market value of the common shares. c. the total paid-in capital amount reported on a balance sheet will usually be equal to the current market value of the common shares. d. the total paid-in capital amount reported on a balance sheet will be eliminated. e. None of these answer choices is correct.

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Sydnie was concerned that her shipment would not reach her customers in time. To expedite the shipment, she paid a friend on the loading dock to prevent a truck from leaving until Sydnie could get to the truck with the package. It appears that Sydnie engaged in ______.

A. bribery B. corrupt payments C. discriminatory labor practices D. unethical marketing practices

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If the cost of an item of inventory is $60 and the market value is $50, the amount included in inventory according to the lower-of-cost-or-market is:

A) $7. B) $50. C) $57. D) $60.

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Sandy may be charged a fee, but will not face criminal penalties for writing checks on an account with insufficient funds to pay them

a. True b. False Indicate whether the statement is true or false

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