Question: A municipal variable rate demand note is considered to be a: A short term issue that gives the issuer the right to call the bond

A municipal variable rate demand note is considered to be a:
A short term issue that gives the issuer the right to call the bond from the holder on pre-set dates
B short term issue that gives the holder the right to put the bond to the issuer on pre-set dates
long term issue that gives the issuer the right to call the bond from the holder on pre-set dates
long term issue that gives the holder the right to put the bond to the issuer on pre-set dates
A municipal variable rate demand note is

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