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10.Obligation debt is usually debt that is less secure than other debt and is an obligation of the government-at-large. Which of the following best describes
10.Obligation debt is usually debt that is less secure than other debt and is an obligation of the government-at-large. Which of the following best describes the attributes of obligation debt?
A.Revenue is backed by the particular revenue stream designated for the debt.
B.Usually commands a larger interest to be paid because of the risk involved. Because revenue debt is less secure than general obligation debt always commands higher interest rates
C. Is backed the full faith and credit of the government.
D.All of the above.
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