Question: What is the difference between the following? a) A bond secured by a moral obligation and a bond secured by full faith and credit b)

What is the difference between the following?
a) A bond secured by a moral obligation and a bond secured by full faith and credit
b) A revenue bond and a general obligation bond
Are there any similarities between a bond secured by a moral obligation and a revenue bond?

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a A bond secured by full faith and credit is supported by the taxing authority of the issuing govern... View full answer

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