When a City Plans to Build a Fire Station by Issuing

question 26

Multiple Choice

When a city plans to build a fire station by issuing long-term debt, it could obtain money to start construction before the bonds are sold by

• A)​selling old fire trucks.
• B)​borrowing from the pension trust fund.
• C)​issuing Bond Anticipation Notes.
• D)​issuing Tax Anticipation Notes.

---

Definitions:

Right to Vote

The legal privilege granted to citizens to participate in the electoral process by choosing representatives and voting on legislation and policy matters.

Puritan Church

The church established by Puritans in the New England colonies, emphasizing a strict and simplistic lifestyle based on their interpretations of Christianity.

Legal Code

A set of laws adopted by a state or country as a body of rules that are enforceable by law enforcement and judicial authorities.

Sugar Industry

A sector of the economy focused on the production, processing, and distribution of sugar from sugar cane or sugar beets.