Which statement applies to a bond issued by an agency of the U.S. government? a. It is
Question:
Which statement applies to a bond issued by an agency of the U.S. government?
a. It is exempt from the federal income tax on interest.
b. It becomes a direct obligation of the U.S. Treasury in case of default.
c. It is secured by assets held by the agency.
d. None of the above.
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