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19 May, 12:04

Municipal short-term notes are used for: (A) Interim financing (B) Permanent financing (C) Long-term financing (D) Project financing

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  1. 19 May, 12:18
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    Answer: (A) Interim financing

    Explanation:

    Municipal short notes are also known as short term debt securities which are issued in order to raise finances for daily activities or specialised projects. They are issued by local or State government and are not taxable even at federal level. Examples includes RANS TANS, used for interim or temporary sources of finances.
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