If revenue bonds becomes default, bondholders must

A. not be paid

B. be paid

C. be sold

D. not be sold

Answer: Option B

Solution(By Examveda Team)

If revenue bonds becomes default, bondholders must be paid. Revenue bonds are municipal bonds that finance income-producing projects and are secured by a specified revenue source. Typically, revenue bonds can be issued by any government agency or fund that is managed in the manner of a business, such as entities having both operating revenues and expenses.