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GFOA Exam CPFO Topic 1 Question 20 Discussion
Actual exam question for
GFOA's
CPFO exam
Question #: 20
Topic #: 1
[All CPFO Questions]
Topic #: 1
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.
Suggested Answer:
C
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