Which Type of Bond Is Politically Easiest to Issue

question 18

Multiple Choice

Which type of bond is politically easiest to issue?

• A) General obligation bonds
• B) Revenue bonds
• C) Full faith and credit bonds
• D) Private-purpose bonds

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Definitions:

Legislative Power

The authority to create, amend, or repeal laws, usually vested in a legislative body such as a parliament or congress.

House Committees

Subgroups within the United States House of Representatives responsible for conducting hearings, examining and developing legislation, and overseeing federal agencies and programs.

Minority-Majority Districts

Electoral districts in which the majority of the constituents are racial or ethnic minorities.

Voting Rights Act

A landmark piece of federal legislation in the United States passed in 1965 to prohibit racial discrimination in voting.