Which of the Following Is False

question 37

Multiple Choice

Which of the following is false?

• A)There have been some defaults on general obligation municipal bonds.
• B)General obligation bonds are repaid out of general tax revenues.
• C)Revenue bonds are paid back out of the cash flows of a particular project.
• D)There have been some defaults on revenue bonds.

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Definitions:

Perennial Vegetation

Plants that live for more than two years, providing long-term coverage and stability to the area in which they are grown, often used in sustainable agriculture and landscaping.

Quarried Marble

Natural stone extracted from quarries around the world used primarily in construction and art for its aesthetic qualities and durability.

Real Property

Land and anything permanently affixed to it, such as buildings, also including rights and interests in the property.

Personal Property

Any property that is not real estate; movable assets including vehicles, furniture, and personal belongings.