Series 10 Exam Question 60: Answer and Explanation

Question: 60

Which of the following can issue a municipal bond?

I. Counties

II. States

III. Cities

IV. Turnpike Authorities

• A. I, II, and III
• B. II and III
• C. I only
• D. I, II, III, and IV

Correct Answer: D

Explanation:

All of the issuers listed may issue municipal bonds.