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Bonds 209: Revenue Bonds

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1.
The New Housing Authority issues bonds for ________.
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Low-income housing. The New Housing Authority builds low-income housing and finances it partly through revenue bonds.
2.
Which of the following does NOT secure a revenue municipal bond?
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Taxes. Taxes are not collected to pay revenue bonds.
3.
Revenue bonds pay more interest than general obligation bonds because their revenue-producing abilities cannot be predicted with certainty.
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True. To compensate, revenue bonds offer higher interest.
4.
Factories are likely to be financed by which of the following type of revenue bond?
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Industrial. Industrial revenue bonds fund factories.
5.
Revenue bondholders receive their interest and principal payments from _______.
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Project income. Payments come from these revenues.