A _____ is a type of municipal bond that is backed by the full faith and credit of the municipality.

Name: A _____ is a type of municipal bond that is backed by the full faith and credit of the municipality.
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Question

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A general obligation bond is backed by the full faith and credit of the municipality, meaning that the municipality pledges to use all available resources, including tax revenues, to repay the bond. This makes it a relatively safe investment for bondholders.

A _____ Is a Type of Municipal Bond That Is