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In regards to debt, which of the following is false ? Bond interest is accrued within debt service funds. Term bonds often utilize a sinking

In regards to debt, which of the following is false?

Bond interest is accrued within debt service funds.

Term bonds often utilize a sinking fund as they require one large principal payment at bond maturity.

Serial bonds mature in installments.

Debt limit is the total amount of indebtedness allowed to be outstanding at any one time.

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