Question: The difference between a general obligation and a revenue bond is: A general obligation bond is backed by the full faith, credit and taxing power

The difference between a general obligation and a revenue bond is:

A general obligation bond is backed by the full faith, credit and taxing power of the government unit

For a revenue bond, the repayment of the issue is fully dependent on the revenue-generating capability of a specific project or venture

General obligation bonds are usually of high quality because of the taxing power behind most of them

All of the above

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

To minimize the potential for gastrointestinal disease outbreaks, all passenger cruise ships arriving at U.S. ports are subject to unannounced sanitation inspections. Ships are rated on a 100-point...

Q:

The difference between a general obligation and a revenue bond is: a. The general obligation bond is backed by full faith, credit, and taxing power of the governmental unit b. That for a revenue...

Q:

A strong incentive to a corporation to meet preferred stock dividend payments is provided by the ___________ feature of some preferred stocks. a. Cumulative b. Convertible c. Callable d. All of the...

Q:

I need these three questions answered please? I am attaching the Budget Analysis and the CAFR for Georgia for reference. These questions are pertaining to the assignment labeled CAFR Budget Analysis....

Q:

I need these three questions answered please? I am attaching the Budget Analysis and the CAFR for Georgia for reference. These questions are pertaining to the assignment labeled CAFR Budget Analysis....

Q:

I need these three questions answered please? I am attaching the Budget Analysis and the CAFR for Georgia for reference. These questions are pertaining to the assignment labeled CAFR Budget Analysis....

Q:

I need these three questions answered please? I am attaching the Budget Analysis and the CAFR for Georgia for reference. These questions are pertaining to the assignment labeled CAFR Budget Analysis....

Q:

Fill in the Blank Question Fill in the blank question. A general obligation bond is a bond backed by the full faith, credit, and unlimited power of the government that issued it

Q:

Revenue bonds are generally riskier than general obligation bonds because revenue bonds are backed by the overall financial and taxing power of the state or local government authority that issued...

Q:

Revenue bonds are generally riskier than general obligation bonds because Group of answer choices revenue bonds are backed by the overall financial and taxing power of the state or local government...

Q:

Which of the following is defined as a bond that is backed by the full faith, credit, and unlimited taxing power of the government that issued it? Multiple Choice General Obligation Bond Revenue Bond...

Q:

A piece of carbon and a piece of copper have the same resistance at room temperature. (a) If the temperature of each piece is increased by 10.0oC, will the copper piece have (1) a higher resistance...

Q:

The figure here shows three arrangements of an electrone and two protons p. (a) Rank the arrangements according to the magnitude of the net electrostatic force on the electron due to the protons,...

Q:

Find the derivative of the function. f ( x ) = 1 ( x 2 - 1 ) 4 f ' ( x ) = , x

Q:

33 1/2pont TY. presents with increased appetite and weight loss, high body temperature with profusesweating, and increased heart and respiratory rate. His physician determines that T.Y. has Grave's...

Q:

What are the equilibrium effects of an increase in total factor productivity?

Q:

Find a system that was developed by using Visual Studio .NET (Visual Basic or C#). If possible, find one that has an Internet user interface and a network-based user interface. Is it multi-layered?...

Q:

As a spacecraft approaches a planet, the rocket engines on it are fired (turned on) to slow it down so it will go into orbit around the planet. The spacecrafts mass is 2,000 kg, and the thrust...

Q:

Use an electronic calculator equipped with a natural logarithm function to evaluate each of the following. ln 2

Q:

At Land Rover, voluntary discussion groups of 4 to 1 2 employees met weekly to identify cost savings, improve product quality, and discuss work - related problems. Although the teams were later...

Q:

2. What steps do you believe the government should take to reinforce the viability of the Sarbanes-Oxley Law?

Q:

3. Most employees do not disclose the fraud and corruption they observe in the workplace, and, therefore, criminal and immoral behaviors continue to flourish. Who or what can intercept this lack of...

Q:

3. Self-awareness is very important. As we get to know ourselves, we can identify barriers to acceptance by others. Once you have identified your most preferred communication style, you have taken a...