Series 50: Exercise

Exercise

Answer true or false

1. 1. True or false. GO bonds are known as secured bonds because they tend to be less risky than revenue bonds.
2. 2. True or false. Like GO bonds, lease revenue bonds are backed by the full faith and credit of the municipal issuer.
3. 3. True or false. Neither revenue bonds nor certificates of participation require voter approval.
4. 4. True or false. The issuer of a GO bond is obligated not to raise taxes to make interest and pri