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GFOA CPFO Exam - Topic 10 Question 121 Discussion

A full-Faith-and-credit bond is a term used for:
C) General obligation Bonds
A) Lease Financing
D) None of these
B) Revenue Bonds

GFOA CPFO Exam - Topic 10 Question 121 Discussion

Actual exam question for GFOA's CPFO exam
Question #: 121
Topic #: 10
[All CPFO Questions]

A full-Faith-and-credit bond is a term used for:

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Suggested Answer: C

by Olga at Jan 23, 2026, 10:48 AM

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Judy
2 hours ago
Exactly! It's backed by the issuer's credit.
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Truman
5 days ago
Full faith means guaranteed payment, right?
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Van
10 days ago
No, it's more about creditworthiness.
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Cherrie
16 days ago
I think it's a government bond.
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Mari
2 months ago
I thought they were only for state and local governments?
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Sabrina
2 months ago
Yup, they usually have lower yields because of that security.
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Valentin
2 months ago
Wait, are these really as safe as they say?
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Christoper
3 months ago
Totally agree, it's a safe investment option!
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Alica
3 months ago
It's a bond backed by the full faith of the issuing government.
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Ben
3 months ago
Haha, good one! I'll take two sets, just in case the apocalypse happens.
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Selma
3 months ago
I thought it was a bond that comes with a free set of faith-based steak knives.
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Lauran
3 months ago
Isn't that the bond where you have to believe in it with all your heart?
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Aleisha
3 months ago
I'm pretty sure it has something to do with the government's credit rating.
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Dean
4 months ago
This question is a real head-scratcher!
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Sarah
4 months ago
I vaguely recall something about full-Faith-and-credit bonds being safer than other types, but I can't remember the specifics. Was it related to federal versus state bonds?
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Vicente
4 months ago
I feel like this term came up in our discussions about risk levels in bonds. Does it mean that the government promises to pay back the bondholders?
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Adelina
5 months ago
I remember practicing a question about municipal bonds that mentioned full faith and credit. It might be related to how states or local governments guarantee repayment.
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Lettie
5 months ago
I think a full-Faith-and-credit bond refers to government bonds backed by the issuer's creditworthiness, but I'm not entirely sure.
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Roxane
5 months ago
I've got this one! A full-Faith-and-credit bond is a type of government bond that is backed by the full faith and credit of the U.S. government, making it an extremely low-risk investment option.
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Virgilio
5 months ago
This seems like a straightforward definition question. I'm confident I can explain what a full-Faith-and-credit bond is based on the information provided in the course materials.
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Fletcher
5 months ago
Hmm, I'm a little fuzzy on the details of different bond types. I'll need to review my notes to make sure I understand the distinction between full-Faith-and-credit bonds and other government bonds.
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Janessa
6 months ago
Okay, I remember learning about this in my finance class. A full-Faith-and-credit bond refers to a bond issued by the federal government that is backed by the full faith and credit of the United States. That means it's considered very low-risk.
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Cherelle
6 months ago
I think this is asking about a type of government bond, but I'm not totally sure what "full-Faith-and-credit" means in this context.
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