Why might a town decide to issue bonds?
A-To help save money for residents
B-To build new roads or bridges
C-Both A and B
D- Neither A nor B

The answer is C) Both A and B

When a town issues bonds, it is issuing an IOU with interest, usually to help fund projects (such as roads or bridges) or to provide a public service.

Keep in mind that the town is saving money for residents only if it is the residents of the town who purchase the bonds. These bonds enable the residents to earn a return on their savings, since they are entitled to be paid back by the town with interest at a predetermined date.

 

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