Which of the following is not a true statement regarding municipal bonds?
a. a municipal bond is a debt obligation issued by state or local governments.
b. a municipal bond is a debt obligation issued by the federal government.
c. the interest income from a municipal bond is exempt from federal income taxation.
d. the interest income from a municipal bond is exempt from state and local taxation in the issuing state.

b. A municipal bond is a debt obligation issued by the federal government.

Explanation:

The municipal bond is commonly called as the Muni Bond, is the bond which is issued by the local government or the territory. The municipal bond is used to finance the public projects generally.

Hence, Option A is correct. Option B is incorrect.

The  interest income which is received by municipal bonds' holders is excludable often from the gross income for the purposes of the federal income tax and it is exempted from the state and the local income tax.

Hence, Option C and D are correct.

answer: musical connotation

leonard b. meyer (1918-2007) was an american composer, author and philosopher. his work emotion and meaning in music is perhaps the first major treatise on music. it is a philosophical and psychological work, greatly influenced by koffka (one of the major proponents of gestalt psychology). his work deals with the problem of musical meaning and musical communication.