Type of bonds which is fully backed by credit and faith of issuer is classified as
A
general obligation tax
B
general obligation savings
C
general obligation bonds
D
general obligation notes
Correct Answer: general obligation bonds
Type of bonds which is fully backed by credit and faith of issuer is classified as general obligation bonds. A general obligation bond (GO) is a municipal bond backed by the credit and taxing power of the issuing jurisdiction rather than the revenue from a given project.