Municipal bond mutual funds are primarily for investors seeking

A) ongoing interest income cash flow.
B) income free of federal taxes.
C) income free of state taxes.
D) Both A and B are correct.

Answer: D

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Which statement is false about a Homeowners Policy?

A) It will cover theft from a safe deposit box. B) It has a $500 limit for trailers not used with watercraft. C) The replacement clause eliminates the deduction for depreciation. D) It will cover property that has been borrowed.

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In an agency shop, even nonmembers are required to pay agency fees since they benefit from union activities.

a. true b. false

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