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Which of the following is not true of bonds issued by Government Sponsored Entities (GSEs) a. Bonds issued to finance activities related to public purpose

  1. Which of the following is not true of bonds issued by Government Sponsored Entities (GSEs)

    a.

    Bonds issued to finance activities related to public purpose
    b.

    Backed by the full faith and credit of the US Government
    c.

    Markets of these bonds are in general liquid
    d.

    Interest is usually, but not always, exempt from state and local taxes

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