AGA
CGFM
Q1:
The federal government requires non-profit and privet firms to make _______________ assumption regarding future interest rates, wage increases, inflation and the like.
○
A
Implicit, one understated by another○
B
Explicit○
C
Both A&B○
D
None of these
AGA
CGFM
Q2:
General obligation (Go) bonds are typically repaid over 20 years and are usually sold:
○
A
Publicly to the lowest bidder○
B
Privately to the lowest bidder○
C
Publicly to the highest bidder○
D
Privately to the highest bidder
AGA
CGFM
Q3:
Which one of the following is not the type of debt financing?
○
A
Go bonds○
B
Revenue bonds○
C
Special obligation bonds○
D
None of these
AGA
CGFM
Q4:
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.
○
A
Go debt capacity○
B
Go debt use capacity○
C
Rate covenant○
D
None of These
AGA
CGFM
Q5:
A full-Faith-and-credit bond is a term used for:
○
A
Lease Financing○
B
Revenue Bonds○
C
General obligation Bonds○
D
None of these