The Largest Dollar Amount of Resources Flowing into a General

question 29

Multiple Choice

The largest dollar amount of resources flowing into a general obligation debt service fund normally will come from

• A)tax revenues and interfund transfers
• B)interest on investments and user charges
• C)fiscal agent fees and fines
• D)liquidation of encumbrances

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Definitions:

Yield

The income return on an investment, such as the interest or dividends received, usually expressed as an annual percentage of the investment's cost.

Zero-Coupon Bond

A bond that is sold at a discount and does not pay interest but is redeemed at its full face value at maturity.

Purchase Price

The amount paid to buy an asset or security, which can influence the investment's potential return and tax implications.

Face Value

The nominal or dollar value printed on a security or bond, representing the amount the issuer promises to pay at maturity.