问

问题如下：

Which of the following is an unique characteristic of sovereign bonds' issuers compared with the municipal bonds' issuers?

选项：

A.

The ability to print the currency.

B.

They are not affected by the economic condition.

C.

The ability to have taxing power.

解释：

A is correct.

Both sovereign and municipal entities have governmental taxing power. They are both affected by economic conditions as well. However sovereign entities can print currency to support the issuers repay debt.

考点：sovereign & municipal bond

解析：主权和市政实体都有政府征税权，并且都受到经济条件的影响。然而，主权政府可以印刷货币，以支持发行者偿还债务，故选项A正确。