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Question 20/49
What is a characteristic of provincial savings bonds?
Correct Answer: B
Provincial savings bondsare available for purchase only during specific periods, often during annual campaigns. They are a secure investment option backed by the issuing provincial government and are available only to residents of the issuing province. They are not issued internationally and do not mature every six months.
References:
* Volume 1, Chapter 6:Fixed-Income Securities, section on "Provincial and Municipal Securities" discusses the features and issuance timing of provincial savings bonds.
References:
* Volume 1, Chapter 6:Fixed-Income Securities, section on "Provincial and Municipal Securities" discusses the features and issuance timing of provincial savings bonds.
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