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5 Cards in this Set

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Municipal Bond Dealer_________
May be: Independant,part of a securities firm, or a bank
Purchases bonds in a process called underwriting
Paying Agent__________
Usually a bank that pays bond investors on a fixed schedule
Trading Departments________
Most municipal Bond Dealers have_____________ that make a secondary market in outstanding bond issues
Municipal bonds are issues________
By state and local governmental units either directly in their own name or through special authority
An Authority is __________
A separate state or local governmental issuerexpressly created to issue bonds or run an enterprise or both