Sản phẩm & Rủi roCâu 98 / 398
A revenue bond is distinguished from a general obligation bond because a revenue bond is repaid from:
a.Ad valorem property taxes levied by the city
b.The state's general fund appropriations
c.A federal subsidy tied to inflation
d.The income generated by the specific project or facility it finances
Giải thích
A revenue bond is serviced solely by the revenue produced by the facility it finances, such as a toll road, airport, or utility. Because repayment depends on that project's income rather than the issuer's taxing power, revenue bonds are generally considered somewhat riskier than GO bonds and do not usually 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 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 general obligation (GO) municipal bond is backed primarily by:
- 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?
- A municipal bond described as 'triple tax-exempt' provides interest that is free from:
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