Question

Which of the following would not be considered a bank-qualified municipal security?

A. A Columbia County general obligation bond to modernize the county fire department

B. A Bucks County general obligation bond to build a new sewer plant

C. A City of San Marcos general obligation bond to pay for street repairs

D. A City of Chicopee general obligation bond to pay for a new city jail

E. A Treasury bond to finance government debt

Answer

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