SIE Exam Practice Question 336
Question: 336
Bonds that are issued by state and local governments but benefit a private corporate are
Correct Answer: A
Explanation:
A - Industrial development bonds are issued by governments for the benefit of private corporations. Revenue streams raised by the facilities pay principal and interest. They are a form of conduit bond. Projects funded by IDRs include parking garages, factories, industrial parks, and sports stadiums.
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