Responses

General obligation bonds use taxes to pay back debts, while revenue bonds use revenue from public works.
General obligation bonds use taxes to pay back debts, while revenue bonds use revenue from public works.

General obligation bonds are intended to pay back losses by providing a service, while revenue bonds are meant to raise revenue.
General obligation bonds are intended to pay back losses by providing a service, while revenue bonds are meant to raise revenue.

General obligation bonds charge a percentage of a good’s value, while revenue bonds charges a percentage of a property’s value.
General obligation bonds charge a percentage of a good’s value, while revenue bonds charges a percentage of a property’s value.

General obligation bonds are only charged at the local level, while revenue bonds are charged at the state and local levels.
General obligation bonds are only charged at the local level, while revenue bonds are charged at the state and local levels.
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1 answer
The statement that best contrasts general obligation bonds and revenue bonds is:
General obligation bonds use taxes to pay back debts, while revenue bonds use revenue from public works.
This correctly identifies the key difference in how these two types of bonds are repaid: general obligation bonds are backed by the taxing power of the government, while revenue bonds are backed by the income generated from specific revenue sources, such as fees collected from public projects or services.
