Solved

General Obligation Bonds Are Backed by The

Question 45

Multiple Choice

General obligation bonds are backed by the:


A) revenue generated from the project in which the bond proceeds are invested.
B) government's ability to tax its citizens.
C) penalty collected from the earlier repayment of a certificate of deposit.
D) increase in the coupon rate due to inflation adjustment.
E) additional principal received from exchange rate fluctuations.

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