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A revenue bond is istinguished from a general obligation bond in that revenue bonds: A. are issued by countries, special districts, cities, towns and state-controlled

A revenue bond is istinguished from a general obligation bond in that revenue bonds:

A. are issued by countries, special districts, cities, towns and state-controlled authorities, whereas general obligation bonds are only issued by the states themselves.
B. are typically secured by limited taxing power, wheras general obligation bonds are secured by unlimited taxing power.
C. have first claim to any revenue increase of the tax authority issuing the bonds.
D. are issued to finance projects and are secured by the revenues of the project being financed.

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