Municipal General Obligation Bonds Are ____

Municipal general obligation bonds are ____. Municipal revenue bonds are ____. ​

A) supported by the municipal government's ability to tax; supported by the municipal government's ability to tax
B) supported by the municipal government's ability to tax; supported by revenue generated from the project
C) always subject to federal taxes; always exempt from state and local taxes
D) typically zero-coupon bonds; typically zero-coupon bonds

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