The exercise is to decide whether the question accepts the proposed suggestion as a correct answer. If yes, write "True", otherwise write "False". Question: WHAT MUNICIPAL BOND INTEREST IS TAXABLE Suggestion: In the United States, interest income received by holders of municipal bonds is often exempt from the federal income tax and from the income tax of the state in which they are issued, although municipal bonds issued for certain purposes may not be tax exempt.
The answer to this question is:
False