- CFA Exams
- CFA Level I Exam
- Study Session 14. Fixed Income (1)
- Reading 42. Fixed-Income Securities: Defining Elements
- Subject 1. Basic Features of a Fixed-Income Security
CFA Practice Question
In North America, revenue bonds are one of the main sources of debt financing of public infrastructure. Such bonds are likely to be ______.
B. non-sovereign bonds
C. quasi-government bonds
A. sovereign bonds
B. non-sovereign bonds
C. quasi-government bonds
Correct Answer: B
Revenue bonds are usually issued by local state or municipal governments in the U.S.
User Contributed Comments 1
| User | Comment |
|---|---|
| OtisM | Non sovereign bonds and revenue bonds are the same. They are issued by local state or municipal governments in the US. |