问题
单项选择题
Which of the following statements about fixed income securities is FALSE（）
A. The corporate bond sector is more important in the US than in Japan and Germany.
B. Coupon interest and capital gains from municipal bonds are tax exempt at the federal level.
C. Treasuries and agencies are quoted in 32nds of a price point.
答案
参考答案：B
解析：
Coupon or interest income is exempt from federal income taxes. Capital gains taxes associated with municipal bonds are not exempt from federal taxes.