When the state of California wants to borrow money it can issue

Question

Quizplus · Accepted Answer

When the state of California wants to borrow money, it can issue bonds. Bonds are debt securities issued by corporations, municipalities, and governments to finance their operations or projects. They pay interest to the bondholders until maturity when they are paid back the principal amount of the bond. California has a long history of issuing bonds to meet its funding needs, including bonds for infrastructure projects, education, and environmental initiatives.

When the State of California Wants to Borrow Money It