Source of funds for repayment of municipal bonds is considered as

A. local tax and revenue

B. global tax and revenue

C. print notes

D. commercial notes

Answer: Option A

Solution(By Examveda Team)

Source of funds for repayment of municipal bonds is considered as local tax and revenue. Municipal bonds (or “munis” for short) are debt securities issued by states, cities, counties and other governmental entities to fund day-to-day obligations and to finance capital projects such as building schools, highways or sewer systems.