单项选择题

The word" leverage" (Line 2, Para. 5) can be interpreted as______.

A．power of a lever that makes things easier
B．the way in which incremental income is generated
C．investing in closed-end municipal bond funds
D．influence of paying interest at short-term rates
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单项选择题
The less affluent investors would historically not buy municipal bonds because______.
A．factors in the tax savings and the munis enjoyed a yield advantage for them
B．municipal bonds could only be sold to those in the higher tax brackets
C．a tax savings stands for a smaller yield on their investment as an exchange
D．they could profit more from choosing the munis than a tax savings
单项选择题
The other way than leverage for investors to boost yield is that they______.
A．pay interest at short-term rates and yield at long-term rates
B．widen the spreads between AMT and non-AMT issues to profit themselves
C．include bonds subject to AMT in their portfolios to make yield advantage
D．narrow the average discount level until below net asset value
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