Which of the following terms does NOT reflect a method to retire bonds

QUESTION

Which of the following terms does NOT reflect a method to retire bonds?

A) convertible bonds
B) revenue bonds
C) sinking-fund bonds
D) callable bonds
E) serial bonds

ANSWER

Answer: B
Explanation: B) Convertible, sinking-fund, callable, and serial are all ways of paying off, or retiring, bonds. Revenue bonds are a type of municipal bond used to pay for revenue-generating government projects.