The Difference Between a General Obligation and a Revenue Bond

Multiple Choice

The difference between a general obligation and a revenue bond is:

A) the general obligation bond is backed by the full faith, credit, and "taxing power" of the governmental unit.
B) that for a revenue bond, the repayment of the issue is fully dependent on the revenue-generating capability of a specific project or venture.
C) that general obligation bonds are usually of high quality because of the taxing power behind most of them.
D) All of the above