Which of the following bonds is typically used to finance city infrastructure projects?

General Obligation Bonds are typically used to finance city infrastructure projects because they are backed by the full faith and credit of the issuing municipality. This means that the local government commits to using its taxing power to repay the bonds, making them a secure investment. These bonds are commonly employed for funding essential community projects such as roads, bridges, schools, and parks since they can cover the upfront costs and are repaid over time through tax revenues, often without needing specific income from the funded project.

On the other hand, revenue bonds are usually secured by specific revenue sources generated from the projects they finance, such as tolls or utility fees, rather than the general tax base. Municipal revenue bonds are similar to revenue bonds but are specifically issued by local or state governments for public projects. Corporate bonds, in contrast, are issued by companies to raise funds for their operations or expansion and are not used for public infrastructure projects.