Investors seeking tax-exempt income should invest in

A) index funds.
B) government bond funds.
C) municipal bond funds.
D) money market funds.

Answer: C

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Audit reports that meet the requirements of the Single Audit Act and OMB Circular A-133 need not include

A. An opinion on the financial statements. B. An opinion on the schedule of expenditures of federal awards. C. A report on internal controls. D. A report on management's discussion and analysis.

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