A bond whose repayment is guaranteed by the full faith and credit of the state is a

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Quizplus · Accepted Answer

A general obligation bond is backed by the full faith and credit guarantee of the state, meaning the state will use any means necessary to repay the bond, such as tax revenue. Revenue bonds, on the other hand, are backed by the revenue generated by a specific project, such as a toll road or airport. Special assessment bonds are backed by fees charged to specific beneficiaries of a project, while limited obligation bonds only have a limited source of repayment, such as a specific revenue stream.

A Bond Whose Repayment Is Guaranteed by the Full Faith