Answer: b. To build new roads or bridges
A town might decide to issue bonds in order to build new roads or bridges.
Explanation:
Bonds refer to a loan given to a government or company in which they pay back at a fixed rate of return. It represents a form of borrowing which must be repaid over time. Bonds are issued by governments and corporate organizations whenever they want to raise money. A town might issue bonds in order to build new roads or bridges in order to benefit the public or masses thereby leading to development.
