SIE Exam Practice Question 567
Question: 567
Which of the following is a note issued in which the government borrows money to finance a project and then repays lenders with revenue generated by the same project?
Correct Answer: B
Explanation:
A RAN (revenue anticipation note) is a note issued in which the government borrows money to finance a project and then repays lenders with revenue generated by the same project.
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