题目
Sovereign bonds are best described as:
选项
A.bonds issued by local governments.
B.secured obligations of a national government.
C.bonds backed by the taxing authority of a national government.
答案
C
解析
： C is correct. Sovereign bonds are usually unsecured obligations of the national government issuing the bonds; they are not backed by collateral, but by the taxing authority of the national government. A is incorrect because bonds issued by local governments are non-sovereign (not sovereign) bonds. B is incorrect because sovereign bonds are typically unsecured (not secured) obligations of a national government. ： C是正确的。主权债券通常是发行国家的无担保债务；它们不是由抵押品担保的，而是由国家政府的税务机关担保的。 A是不正确的，因为地方政府发行的债券是非主权（非主权）债券。 B是不正确的，因为主权债券通常是国家政府的无担保（非担保）债务。