Bonds that are not pledged against revenue stream or specific assets are classified as
A. general obligation bonds
B. general obligation notes
C. general obligation tax
D. general obligation savings
Answer: Option A
Solution (By Examveda Team)
Bonds that are not pledged against revenue stream or specific assets are 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. General obligation bonds are issued with the belief that a municipality will be able to repay its debt obligation through taxation or revenue from projects.This Question Belongs to Management >> International Finance And Treasury
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