Revenue bonds are backed up by expected income from a specific project or service; examples include a toll bridge, a municipal sewer system, or a sports complex.

Question

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Revenue bonds are indeed backed up by expected income from a specific project or service, such as a toll bridge, municipal sewer system, or sports complex. This is in contrast to general obligation bonds, which are backed up by the full faith and credit of the issuer.

Revenue Bonds Are Backed Up by Expected Income from a Specific