1. Discuss the pros and cons of tax-backed and revenue municipal bonds and the advantages and disadvantages of including them in a portfolio.
2. Role of the Treasury and the Fed in the Credit Crisis. Summarize the various ways in which the U.S. Treasury and the Federal Reserve intervened to resolve the credit crisis. Discuss the pros and cons of their interventions. Offer your own opinion regarding whether they should have intervened. Two pages
3. Which of the statements is true about the values recorded in the balance sheet of a firm?