问题如下:
Which of the following is most likely to be the difference between the credit analysis of GO bonds and the sovereign debt analysis?
选项:
A.The ability to levy and collect taxes.
B.Fees to help service debt.
C.The ability to use monetary policy.
解释:
C is correct.
General obligation(GO)bonds are unsecured bonds issued with the full faith and credit of the issuing non-sovereign government. Non-sovereign governments are unable to use monetary policy the way many sovereign can and must balance their operating budgets annually.
老师,货币政策不是央行的职责吗,央行属于中央政府吗?