The source of funds for the repayment of municipal bonds is considered as __________?
Correct answer: A. local tax and revenue
- A. local tax and revenue
- B. global tax and revenue
- C. print notes
- D. commercial notes
Explanation
Municipal bonds are repaid from local taxes and revenues, depending on whether they are general-obligation or revenue bonds. Printing money and commercial notes are not normal municipal repayment sources.
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Business finance explains how organisations plan, obtain and use money while balancing risk, return and liquidity. Topics include financial statements, time value of money, budgeting, working capital, capital structure, sources of finance, investment appraisal and cost of capital. Capital budgeting evaluates long-term projects, whereas working capital manages day-to-day operations.
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