Municipal bonds can be either general obligation bonds

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Municipal bonds can be either general obligation bonds or revenue bonds. Of these two types of municipal bonds, only general obligation bonds. A) are backed by the full faith and credit of the issuer. B) have the principal and interest guaranteed by a third party. C) repay the principal only if a sufficient level of revenue is generated. D) are specifically serviced by the income generated from particular projects.

Reference no: EM131343607

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