The majority of the municipal securities are ________ bonds.

Question

Quizplus · Accepted Answer

General obligation bonds are a type of municipal bond that is backed by the full faith and credit of the issuing municipality. This means that the municipality's ability to repay the bond is not tied to any specific revenue source, but rather its overall financial health. General obligation bonds are typically used to finance large capital projects, such as schools or highways, and are considered to be one of the safest types of municipal bonds. Revenue bonds, on the other hand, are backed by a specific revenue source, such as tolls or fees, and are typically used to finance projects such as airports or hospitals. Industrial development bonds are a type of revenue bond that are issued to finance projects for private companies. Serial bonds are bonds that are issued with staggered maturity dates, and hybrid bonds are a combination of different types of bonds.

The Majority of the Municipal Securities Are ________ Bonds