What is a characteristic of provincial savings bonds?
A.
Backed by provincial assets
B.
Available only at a certain time
C.
Can be issued Internationally.
D.
Mature every six months
The Answer Is:
B
This question includes an explanation.
Explanation:
Provincial savings bonds are 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​., ]
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