The fact that in the USA, a municipal bond could have a lower yield compared to federal government bonds is an example of Select one: a. the distortionary effect of taxes, making them more popular compared to Treasuries b. the distortionary effect of taxes, making them less popular compared to Treasuries c. the distortionary effect of taxes, increasing their supply relative to demand d. None of the above

The fact that in the USA, a municipal bond could have a lower yield compared to federal government bonds is an example of Select one: a. the distortionary effect of taxes, making them more popular compared to Treasuries b. the distortionary effect of taxes, making them less popular compared to Treasuries c. the distortionary effect of taxes, increasing their supply relative to demand d. None of the above

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter17: Capital And Time

Section: Chapter Questions

Problem 17.2P

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