Which of the Following Statements Regarding Serial Bonds Is false

question 86

Multiple Choice

Which of the following statements regarding serial bonds is false?

• A) The principal on serial bonds is paid over the term of the bonds.
• B) The assets of a debt service fund may include Cash with Fiscal Agent
• C) If the first payment is delayed for more than a year with equal payments thereafter, the bonds are deferred serial bonds
• D) The principal repayment on an annuity serial bonds decreases each year as the outstanding balance decreases

---

Definitions:

Fair Debt Collection Practices Act (FDCPA)

A United States federal law established to promote fair debt collection practices, aiming to eliminate abusive, deceptive, and unfair debt collection practices.

Truth in Lending Act (TILA)

A federal law designed to protect consumers in credit transactions by requiring clear disclosure of key terms of the lending arrangement and all costs.

Practice Management (PM) Software System

A category of healthcare software that deals with the day-to-day operations of a medical practice, including scheduling, billing, and other administrative tasks.

Electronic Medical Record (EMR) System

Digital versions of patients' paper charts, which contain medical and treatment histories of patients within one practice.