546FinanceMedium
The bonds used in purpose of specific projects which are financed by the collateral for issuing bonds are classified as ___________?
Atrustee bonds
Bmortgage bonds
Cindenture bonds
Dcollateral bonds
Correct answer
B. mortgage bonds
Explanation
mortgage bonds is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.