SIE Exam Question 703: Answer and Explanation

Question: 703

Which of the following are backed by the full faith and credit of the government issuing the bonds and are repaid through taxes collected by the government body?

  • A. General obligation bonds
  • B. Moral obligation bonds
  • C. Private purpose bonds
  • D. Revenue bonds

Correct Answer: A

Explanation:

General obligation bonds are backed by the full faith and credit of the government issuing the bonds and are repaid through taxes collected by the government body.

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