The Type of Municipal Bond That Is Used to Finance

question 81

Multiple Choice

The type of municipal bond that is used to finance commercial enterprises, such as the construction of a new building for a corporation, is called

• A) a corporate courtesy bond.
• B) a revenue bond.
• C) a general-obligation bond.
• D) a tax-anticipation note.
• E) an industrial-development bond.

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Definitions:

Methodist

A denomination of Protestant Christianity emphasizing a personal relationship with Jesus Christ, social justice, and the universality of God's grace.

Baptist

Baptist denominations are groups within Christianity known for practicing believer's baptism (as opposed to infant baptism) and upholding the autonomy of local congregations.

Black Education

Refers to the educational opportunities and institutions tailored specifically for African American students, historically significant due to segregation and discrimination.