Series 7 - General Securities Representative Exam
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Which of the following TWO projects are MOST likely to be financed by revenue bonds?
A New Toll Road, A New Middle School
A
A New Toll Road, A New Library
B
A New Toll Road, A Power Plant
C
A New Middle School, A New Library
D
Explanations
Revenue bonds fund revenue producing facilities. Schools and libraries are most often funded by GO bonds