SIE practice questionmediumAgency Bonds
A Fannie Mae bond is classified as a(n):
- AAgency bond with implicit government support✓ Correct answer
- BDirect Treasury security
- CTax anticipation note
- DCollateral trust certificate
Explanation
Why A — Agency bond with implicit government support
Fannie Mae is a GSE and its bonds have implied federal support. They are not direct Treasury securities or the other types listed.
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