Skip to Main Content
Series 7 Exam For Dummies, 4th Edition
book

Series 7 Exam For Dummies, 4th Edition

by Steven M. Rice
March 2019
Intermediate to advanced content levelIntermediate to advanced
432 pages
14h 17m
English
For Dummies
Content preview from Series 7 Exam For Dummies, 4th Edition

Chapter 8

Municipal Bonds: Local Government Securities

IN THIS CHAPTER

Bullet Understanding municipal bond basics

Bullet Comparing general obligation bonds to revenue bonds

Bullet Reviewing other types of municipal bonds

Bullet Following the rules

Bullet Recognizing sources of municipal bond information

Municipal bonds are securities that state governments, local governments, or U.S. territories issue. The municipality uses the money it borrows from investors to fund and support projects, such as roads, sewer systems, hospitals, and so on. In most cases, the interest received from these bonds is federally tax free to investors.

Even though you’re most likely going to spend a majority of your time selling equity securities (stocks), for some unknown reason, the Series 7 tests heavily on municipal securities. As a matter of fact, municipal bonds are one of the most heavily tested areas on the entire exam. If you’ve flipped ahead, you may have noticed that this chapter isn’t one of the biggest in the book. Why is that? ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Accounting For Dummies, 7th Edition

Accounting For Dummies, 7th Edition

John A. Tracy, Tage C. Tracy

Publisher Resources

ISBN: 9781119545040Purchase book