There are two types of municipal securities: tax-backed debt and revenue bonds.

Name: There are two types of municipal securities: tax-backed debt and revenue bonds.
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This statement is true. Municipal securities can be divided into two categories: tax-backed debt, which is backed by taxes collected by the municipality, and revenue bonds, which are backed by the revenue generated by a specific project or facility.

There Are Two Types of Municipal Securities: Tax-Backed Debt and Revenue