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28 August, 05:07

A city wants to build a new police station. What type of bond does it issue?

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Answers (2)
  1. 28 August, 06:22
    0
    It Would Be Municipal Bond.
  2. 28 August, 07:54
    0
    A city wanting to build a new police station would issue a municipal bond.

    Explanation:

    It is but clear that for the construction of an office that is subordinate to the government and functions as a part of one of the systems of executive, judiciary, or legislative would have to seek permission from the local governing authority of the region where it is to be constructed.

    For the city, the highest local governing authority is the municipal corporation of the city. Hence, a municipal bond would be issued for the construction of a police station in the city.
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