A device that enables a state or local government to borrow money to finance a project and pay back the money from income earned by the project is:

A. a revenue bond.
B. a general obligation bond.
C. an income bond.
D. a serial bond.


Answer: A

Political Science

You might also like to view...

Of the following, which is an agent of political socialization?

a. history b. the media c. intelligence d. literacy

Political Science

A new urbanist believes that ________

A. suburbs contribute to pollution and environmental destruction B. suburbs reduce pollution and environmental destruction C. sprawl decreases the costs of highway building D. sprawl decreases the cost of public infrastructure

Political Science

A free market economy in which property rights are protected leads to subsequent economic growth, which often leads to the establishment of:

A. a democratic regime. B. government owned enterprises. C. a socialist economy. D. a planned economy.

Political Science

Which of the following was NOT an attempt by reformers to wrest control from state and local party bosses?

a. Adoption of the Australian ballot b. Nonpartisan local elections c. Indirect caucuses for party nominations d. Commission and manager-commission forms of municipal government

Political Science