1. True or False: Purchasing a municipal bond is a form of Indirect investing.
   1. True
   2. False
2. Your company and a bank agreed to 9% stated rate for a loan with a 10-year maturity. Interest will be paid annually. The bank agreed to allow you to select the compounding frequency for the loan (without any adjustment to the stated rate). To minimize your payments, what compounding frequency should you ask for from the list below?
   1. Semi-Annual Compounding
   2. Continuous
   3. Annual Compounding
   4. Monthly Compounding
   5. Quarterly Compounding
3. True or False: ETFs can only be purchased or sold at one set time each day.
   1. True
   2. False
4. Assuming the same stated rate, which compounding frequency would give you the best overall investment return?
   1. Semi-Annual Compounding
   2. Continuous
   3. Annual Compounding
   4. Monthly Compounding
   5. Quarterly Compounding
5. True or False: ETFs can only be purchased or sold at one set time each day.
   1. True
   2. False