Question 20 (1 point)

Which is NOT true about general obligation bonds?

Question 20 options:

1)

They count against a local governments debt limit

2)

They generally have lower coupon rates than revenue bonds

3)

They pledge the full faith and credit of the government to repay them

4)

The details of the bond can be negotiated or set through the competitive bid process

5)

They are similar to a rent-to-own process in which the government gains control of an asset after all payments are made.

Question 28 (1 point)

Which if the following is NOT a potential use for municipal benchmarking?

Question 28 options:

1)	Understand how your financial management differs from similarly situated governments
2)	Track key financial ratios and performance indicators over time.
3)	To control local government decision-making
4)	Predict and prevent fiscal distress
5)	Compare organizational performance between similarly situated governments