问题如下:
Which of the following statements about non-sovereign bonds is incorrect?
选项:
A.The source of repayment includes tax.
B.The source of repayment includes revenues.
C.The source of repayment includes money-printing.
解释:
C is correct.
Option C describes sovereign bonds. The bonds issued by the national government is the sovereign bonds. A national government has the ability to print its own currency to service the debt. The source of repayment on non-sovereign bonds includes tax, revenues and special taxes or fees.
这是因为地方政府没有印钞权利对吧?