Type of bonds which is fully backed by credit and faith...

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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

Answer: Option C

Solution (By Examveda Team)

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.

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