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Course Catalog
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Bonds
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200
Bonds 210:
Municipal Bond Insurance
Test your knowledge
Choose wisely. There is only one correct answer to each question.
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Review your answers below to learn more.
1.
Generally, municipal bond insurance must be continuously renewed over the life of the municipal bond.
Choose wisely. There is only one correct answer.
True
False
False. Generally, municipal bond insurance is good for the entire life of the bond; an exception can exist in the case of unit investment trusts.
2.
Municipal bonds are often assessed by underwriters before they are sold to the marketplace.
Choose wisely. There is only one correct answer.
True
False
True. They do this to learn of any risks in the bonds.
3.
Municipal bond insurance is paid directly by investors of municipal bonds.
Choose wisely. There is only one correct answer.
True
False
False. Municipal bond insurance is paid directly by issuers of municipal bonds.
4.
The largest issuer of municipal bond insurance is _______.
Choose wisely. There is only one correct answer.
Ambac
MBIA
Assured Guaranty
Build America Mutual (BAM)
Assured Guaranty. Assured Guaranty dominates the municipal bond insurance market at present.
5.
Insured municipal bonds provide investors with the security that their interest and principal will be paid.
Choose wisely. There is only one correct answer.
True
False
True. This is the appeal of insured municipal bonds.
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DONE