14: Tax-exempt bonds issued by state and Iocal governments, generally to finance capital improvement projects. General obligation bonds are backed by the general taxing power of the issuer. Revenue bonds are backed by the proceeds from the project or agency they are issued to finance. 16: The right to buy an asset at a specified exercise price on or before a specified expiration date. 20: An instrument empowering an agent to vote in the name of the shareholder. 21: is a purchase with an agreement to resell at a specified price on a future date. 23. The pre-tax yieid on a taxable bond providing an after-tax yield equal to the rate on a tax-exempt municipal bond. 25: Short-term money-market securities. 27: Funds in a bank's reserve account. Down 7: Refers to the fact that shareholders are at the bottom of the list of claimants to assets of a corporation in the event of fallure or bankruptcy; 21: Protecting the value of an asset held by taking a short position in a futures contract. 23: Dollar-denominated deposits at foreign banks or foreign branches of American banks