U.S. Treasury bonds, which are backed by the full faith and credit of the U.S. government, are best described as:
A) revenue bonds.
B) equity securities.
C) assessment bonds.
D) general obligation bonds.

Question

Quizplus · Accepted Answer

U.S. Treasury bonds are best described as general obligation bonds because they are backed by the full faith and credit of the U.S. government, meaning the government is obligated to repay the debt, using its general revenues if necessary.

US Treasury Bonds, Which Are Backed by the Full Faith