- CFA Exams
- CFA Level I Exam
- Topic 6. Fixed Income
- Learning Module 5. Fixed-Income Markets for Government Issuers
- Subject 3. Non-Sovereign Bonds, Quasi-Government Bonds, and Supranational Bonds
CFA Practice Question
Which type of municipal debt is considered to be more risky?
B. revenue bonds
C. They have a similar degree of risk if issued by the same government.
A. general obligation bonds
B. revenue bonds
C. They have a similar degree of risk if issued by the same government.
Correct Answer: B
This is because revenue bonds are dependent on a single source of revenue.
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