Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started