Series 53: Exercise

Exercise

Answer TRUE or FALSE.

1. TRUE or FALSE. A bond resolution is typically used for GO bonds, but not typically used for revenue bonds.

2. TRUE or FALSE. The SEC prohibits broker-dealers from buying or selling any municipal security for which they did not receive an official statement and a pledge of continuing disclosure.

3. TRUE or FALSE. The issuer would rather receive a qualified letter from the bond counsel than an unqualified letter.

4. TRUE or FALSE. The syndicate letter is an agreement between the issuer and the syndicate members.

5. TRUE or FALSE