Revenue bonds, compared with general obligation bonds, generally a. Are paid out of property or sales tax
Question:
Revenue bonds, compared with general obligation bonds, generally
a. Are paid out of property or sales tax revenues.
b. Bear lower interest rates.
c. Are subject to the same debt limitations.
d. Are not backed by the full faith and credit of the issuing government.
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Related Book For
Government And Not For Profit Accounting Concepts And Practices
ISBN: 9781119803898
9th Edition
Authors: Michael H. Granof, Saleha B. Khumawala, Thad D. Calabrese
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