Which of the following describes the role of a fiscal agent?

The role of a fiscal agent primarily revolves around facilitating investment transactions. This involves acting as an intermediary between issuers of securities (like municipal bonds) and investors, managing the process through which investments are made. A fiscal agent ensures that the necessary documentation is completed, regulations are adhered to, and that the transactions are executed efficiently and transparently.

In this context, the fiscal agent also assists in handling funds raised from investment activities, ensuring that the money is invested appropriately, and that the issuer meets its financial obligations to investors. By facilitating these transactions, the fiscal agent plays a crucial role in enhancing the fluidity and efficiency of financial markets.

While creating financial reports, advising on bond issuance strategies, and managing the collection of taxes are all important aspects of municipal finance, they do not encapsulate the specific duties of a fiscal agent as directly as facilitating investment transactions does. Each of those other roles may be carried out by different officials or departments within a municipality, but the fiscal agent's primary focus is on managing and executing investment-related activities.