Revenue bonds, compared with general obligation bonds, generally A.) Are paid out of property or sales tax revenues. B.) Bear lower interest rates. C.) Are subject to the same debt limitations. D.) Are not backed by the full faith and credit of the issuing government.

Revenue bonds, compared with general obligation bonds, generally A.) Are paid out of property or sales tax revenues. B.) Bear lower interest rates. C.) Are subject to the same debt limitations. D.) Are not backed by the full faith and credit of the issuing government.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Revenue bonds, compared with general obligation bonds, generally

A.) Are paid out of property or sales tax revenues.

B.) Bear lower interest rates.

C.) Are subject to the same debt limitations.

D.) Are not backed by the full faith and credit of the issuing government.

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