A bond backed by the full faith,credit,and unlimited taxing power of the state or local government that issued it is called a ________ bond.

Name: A bond backed by the full faith,credit,and unlimited taxing power of the state or local government that issued it is called a ________ bond.
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Question

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General obligation bonds are backed by the full faith, credit, and taxing power of the issuing government entity, rather than revenues from a specific project.

A Bond Backed by the Full Faith,credit,and Unlimited Taxing Power