微信扫一扫
实时资讯全掌握
|
Which of the following statements regarding the comparison of "general obligation" and "revenue" municipal bonds is least accurate? A. Revenue bonds must be evaluated with respect to their covenants such that revenues from the project are not redirected toward other uses within the community. B. Revenue bonds are backed by the full faith and credit of the issuing municipality. C. General obligation bonds must be evaluated with respect to the issuer's existing debt structure and the ability of the local government to generate the requisite level of taxes to repay the debt. |