问题
单项选择题
Which of the following statements about municipal bonds is FALSE（）
A. A municipal bond guarantee is a form of insurance provided by a third party other than the issuer.
B. Revenue bonds have lower yields than general obligation bonds because there are more revenue bands and they have higher liquidity.
C. Bonds with municipal bond guarantees are more liquid in the secondary market and generally have lower required yields.
答案
参考答案：B
解析：
General obligation bonds are backed by the full faith, credit, and taxing power of the issuer. Revenue bonds are serviced by the income generated from specific income-producing projects and can not be paid from other proceeds unrelated to the project. Therefore, they are riskier than general obligation bonds.