CFA Practice Question

There are 490 practice questions for this study session.

CFA Practice Question

Which agency issues residential mortgage-backed securities that are backed by the full faith and credit of the U.S. government?

I. Fannie Mae
II. Freddie Mac
III. Ginnie Mae
Correct Answer: III

RMBSs issued by Fannie Mae and Freddie Mac are guaranteed by either of the two GSEs (Fannie Mae and Freddie Mac) but not by the U.S. government.

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