Which Type of Bond Is Backed by the Full Faith

question 126

Multiple Choice

Which type of bond is backed by the full faith and credit of the issuer and its entire taxing power?

• A) Fannie Mae
• B) Freddie Mac
• C) GSEs
• D) general obligation bonds
• E) revenue bonds

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Definitions:

Plan of Union

A proposal made by Benjamin Franklin at the Albany Congress in 1754 for the creation of a unified government for the Thirteen Colonies, which was not implemented but laid groundwork for future unity.

Albany Congress

A meeting of representatives from several American colonies in 1754 to discuss forming a united front against the French and Native American threats.

Autonomy

The right or condition of self-government, usually within a larger political or organizational entity.

Pressing Problem

A Pressing Problem refers to an urgent and important issue that requires immediate attention and resolution.