Question
If the income tax exemption on municipal bonds (equivalent of local council bonds) were abolished, what would happen to the interest rates on these bonds?
If the income tax exemption on municipal bonds (equivalent of local council bonds) were abolished, what would happen to the interest rates on these bonds? What effect would the change have on the interest rates of US Treasury securities?
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Economics of Money, Banking and Financial Markets
Authors: Frederic S. Mishkin
9th Edition
978-0321607751, 9780321599797, 321607759, 0321599799, 978-0321598905
