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Municipal general obligation bonds are ____.
a. always subject to federal taxes; always exempt from state and local taxes.
b. supported by the municipal government's ability to tax; supported by the municipal government's ability to tax.
c. typically zero-coupon bonds; typically zero-coupon bonds.
d. supported by the municipal government's ability to tax; supported by revenue generated from the project.

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adeoladokun31

The municipal obligation bond supported by the municipal government's ability to tax; supported by revenue generated from the project.

What is Municipal bond?

Municipal bond can be define as a form of debt or tax security which is normally issued by either a state or country and even municipality in order to provide financial assistance to it's capital expenditure including schools, bridges or highways.

General obligation bondsare municipal bonds which provide a way for state and local governments finance projects that may not generate a revenue .

Therefore, The municipal obligation bond supported by the municipal government's ability to tax; supported by revenue generated from the project.

Learn more about Municipal bond from the link below.

https://brainly.com/question/26382662

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