Sản phẩm & Rủi roCâu 97 / 398
A general obligation (GO) municipal bond is backed primarily by:
a.The full faith, credit, and taxing power of the issuing municipality
b.Revenue from a specific facility such as a toll road
c.The federal government's guarantee
d.Corporate profits of a private operating company
Giải thích
A GO bond is secured by the issuer's full faith and credit, meaning its ability to levy taxes (such as property taxes) to repay the debt. Because repayment depends on taxing power rather than a single project's income, GO bonds are often viewed as relatively safe and may require voter approval.
Trích dẫn luật: MSRB RulesLuyện miễn phí toàn bộ 398 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- What is the maximum loss for the buyer of a call option?
- What is the maximum gain for the writer of a put option?
- An investor buys one XYZ call with a $30 strike for a $2 premium. At expiration XYZ trades at $35 and the investor exercises. Ignoring commissions, what is the investor's net profit per share?
- A revenue bond is distinguished from a general obligation bond because a revenue bond is repaid from:
- A primary tax advantage of most municipal bonds is that their interest is:
- For which investor is a tax-exempt municipal bond generally MOST suitable?
Cập nhật gần nhất: · quy trình kiểm tra
Đội Ngũ Biên Tập PrepPass · Đối chiếu với FINRA Securities Industry Essentials (SIE) Exam · Quy trình kiểm tra