A ______ bond is a bond whose proceeds are to be used to pay for a project that will not produce any income.
A)government bond
B)corporate bond
C)revenue bond
D)general obligation bonds

Question

Quizplus · Accepted Answer

General obligation bonds are used by municipalities to fund projects that do not generate revenue, such as parks or schools, and are backed by the full faith and credit of the issuing municipality.

A ______ Bond Is a Bond Whose Proceeds Are to Be