A full-Faith-and-credit bond is a term used for:
Correct : C
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As the security of Go debt issue, state and local governments pledge their Faith and credit (their general taxing power); however revenue bonds are not backed by full faith or credit. Instead, the bond security agreement pledges a _________, known as the debt cover.
Correct : C
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Which one of the following is not the type of debt financing?
Correct : D
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General obligation (Go) bonds are typically repaid over 20 years and are usually sold:
Correct : A
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The federal government requires non-profit and privet firms to make _______________ assumption regarding future interest rates, wage increases, inflation and the like.
Correct : C
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