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

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