Perform the Indicated Operations

question 37

Multiple Choice

Perform the indicated operations. Simplify as much as possible.

---

Definitions:

Revenue Bonds

Bonds issued by governments or municipalities that are intended to be repaid with revenue from a specific project or source, such as a toll road or public utility.

General Obligation Bonds

Long-term loans issued by municipalities that are backed by the general tax revenue of the municipality rather than revenue from a specific project.

Indirect Transfer

The movement of goods or services through an intermediary before reaching the final consumer, rather than a direct transaction from producer to consumer.

Treasury Bills

Short-term government securities issued at a discount from the face value, maturing in one year or less, used as a tool for managing national finance.