SIE Exam Question 862: Answer and Explanation

Question: 862

Which of the following is a type of bond secured by both a defined source of revenue (other than property taxes) and the full faith and credit or taxing power of an issuer?

• A. Debenture bond
• B. Double-barreled bond
• C. General obligation bond
• D. Subordinate bond

Correct Answer: B

Explanation:

A double-barreled bond is secured by both a defined source of revenue (other than property taxes) and the full faith and credit or taxing power of an issuer.