The Difference Between a General Obligation and a Revenue Bond

question 17

Multiple Choice

The difference between a general obligation and a revenue bond is:

• A)the general obligation bond is backed by the full faith, credit, and "taxing power" of the governmental unit.
• B)that for a revenue bond, the repayment of the issue is fully dependent on the revenue-generating capability of a specific project or venture.
• C)that general obligation bonds are usually of high quality because of the taxing power behind most of them.
• D)All of the above

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Definitions:

Organized Crime

Structured groups engaged in criminal activities, often for profit, such as drug trafficking, extortion, and money laundering.

Burglary

The unlawful entry into a building with the intent to commit a crime, typically theft.

Shoplifting

The act of stealing goods from a store by concealing them and leaving the premises without paying.

Commercial Establishments

Places of business that are engaged in activities aimed at selling goods and services to consumers.