Series 7 - General Securities Representative Exam

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Municipal GO bonds are used to fund all of the following EXCEPT:

Private Universities
A
Equipment
B
Roads
C
City Parks
D

Explanations

GO bond are used to fund projects that will benefit the taxpayers and community and are backed by the full taxing power of the municipality. Revenue bonds fund specific enterprises and the revenue from the enterprise pays the bondholders, such as a private university.