The type of municipal bond that is used to finance commercial enterprises, such as the construction of a new building for a corporation, is called
A) a corporate courtesy bond.
B) a revenue bond.
C) a general-obligation bond.
D) a tax-anticipation note.
E) an industrial-development bond.

Question

Quizplus · Accepted Answer

Industrial-development bonds are issued by municipalities to finance commercial projects, such as building facilities for corporations. These bonds are intended to promote economic development within the municipality.

The Type of Municipal Bond That Is Used to Finance