A key difference between bonds and stocks is that stocks______.A、are tax-exempt

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问题 A key difference between bonds and stocks is that stocks______.

选项 A、are tax-exempt
B、represent ownership
C、represent borrowing
D、can be issued by state and local governments

答案 B

解析答案为B项。债券和股票的一个关键的区别存于，股票代表的是所有权，而债券代表的是债权。故本题选B项。

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