Exams

From the history,

The Erie Canal was completed in 1800's

The signing of the Declaration of Independence in 1776 and after that the American Revolution was started in the same 1776.

The Iroquios Confederacy was formed early when the Europeans first began comonizing, may be early in 1600's.

So, from the above data of history, Iroquois tribes formed the Iroquois Confederacy was the event that occured first among the options.

The persons whose primary investing objective is to preserve capital while generating a tax-free income stream, then municipal bonds are worth considering.

Municipal bonds (munis) are debt obligations issued by government entities. When you buy a municipal bond, you are loaning money to the issuer in exchange for a set number of interest payments over a predetermined period. At the end of that period, the bond reaches its maturity date, and the full amount of your original investment is returned to you.

Types of Municipal Bonds :

Municipal bonds come in the following two varieties:

1. General obligation bonds (GO)
2. Revenue bonds

General obligation bonds, issued to raise immediate capital to cover expenses, are supported by the taxing power of the issuer.

Revenue bonds, which are issued to fund infrastructure projects, are supported by the income generated by those projects.

Both types of bonds are tax exempt and particularly attractive to risk-averse investors due to the high likelihood that the issuers will repay their debts.