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    California Politics A Primer
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    Exam 3: Direct Democracy
  5. Question
    Because of the Interest That Must Be Repaid,a Bond Typically
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Because of the Interest That Must Be Repaid,a Bond Typically

Question 97

Question 97

True/False

Because of the interest that must be repaid,a bond typically can cost about twice the face amount that is borrowed.Thus,a $5 billion bond may actually cost taxpayers almost twice that amount by the time it is paid off.

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