Question

QUESTION 45

1. All of the following may be sources of revenue for a revenue bond EXCEPT

   		airports
   		user fees
   		tolls
   		property taxes

1 points   

QUESTION 46

1. Which of the following are factors that affect the marketability of municipal GO bonds?

   I. The quality

   II. Call features

   III. The issuer’s name

   IV. Credit enhancements

   		I and II
   		I, II, III, and IV
   		II and III
   		I, II, and III

1 points   

QUESTION 47

1. Investors who have international investments are subject to

   I. political risk

   II. currency risk

   III. regulatory risk

   		II and III
   		I and II
   		I and III
   		I, II, and III

1 points   

QUESTION 48

1. If the U.S. dollar has fallen in comparison with foreign currencies, which of the following statements is TRUE?

   		U.S exports increase.
   		Foreign currencies buy fewer U.S. dollars.
   		U.S. products cost more for foreign consumers.
   		U.S. exports are likely to fall.

1 points   

QUESTION 49

1. A registered representative may open all of the following customer account EXCEPT

   		a corporate account by a designated officer
   		a partnership account by a designated partner
   		a minor’s account by a custodian
   		an account in the name of Mr. Wegner for Mrs. Wegner

1 points   

QUESTION 50

1. Which of the following partnership documents needs to be filed with the secretary of state in the home state of the partnership?

   I. The certificate of limited partnership

   II. The partnership agreement

   III. The subscription agreement

   		I only
   		I and III
   		II and III
   		I, II, and III

Answer 1

ANS 45) = d. Property taxes. Revenue bonds are supported by some stream of revenues such as revenues from user fees, tolls collection, airport charges, etc. Revenue bonds are generally issued by the municipality to finance the public project such as road, bridge, etc and revenue collection from these project are sources of revenue for revenue bond (municipality bond). Property taxes come under general obligation bond rather than revenue bond.

a) Airports , revenue from airport will count under revenues for revenue bond as it is a public project supported by    stream of airport revenue.

b) user fees, it will also a revenue source for revenue bond as it is a charge collected by municipality for the services they are providing, it can be parking fees, etc.

c) Tolls , for road financed by the revenue bond, for municipality these tolls are the source of revenue that supports the revenue bond.