The largest type of municipal bonds outstanding are _______________.

Question

Quizplus · Accepted Answer

General obligation bonds are the largest type of municipal bonds outstanding. These bonds are backed by the full faith and credit of the issuer, usually a local government entity, and are generally considered safer than revenue bonds, which are backed by the revenue generated by a specific project. industrial development bonds are issued to finance the construction of industrial facilities and are a smaller type of municipal bond. Treasury STRIPS are not municipal bonds, but rather a type of bond issued by the U.S. Treasury. Convertible bonds are corporate bonds, not municipal bonds.

The Largest Type of Municipal Bonds Outstanding Are _______________