A general obligation bond:
A. allows a state or local government to borrow money to finance a project and pay back the money from income earned by the project.
B. allows a state or local government to pay off its debts through the use of a sinking bond.
C. allows a state or local government to pay off its bonds gradually over the years.
D. puts the full faith and credit of the issuing government behind the bond.
Answer: D
You might also like to view...
Most research involves
A) the creation of new constructs. B) constructs that have already been studied extensively. C) testing causal hypotheses. D) correlational hypotheses.
The Bakke case effectively banned specific racial quota systems that overtly discriminated against whites
Indicate whether this statement is true or false.
There are as many as __________ NGOs and 5,000 IGOs globally
A) 25,000 B) 20,000 C) 26,000 D) 5,000
The National Rifle Association (NRA) in the United States is an example of a(n) ________ interest group.
A. associational B. institutional C. non-associational D. anomic