Series 7 Exam Question 45: Answer and Explanation

Question: 45

Municipal bonds typically have a minimum face value of

• A. $100
• B. $1,000
• C. $5,000
• D. $50,000

Correct Answer: C

Explanation:

C. Typically, municipal bonds are sold with a face value of $5,000 although some may even have a face value of up to $100,000.