SIE practice questionmediumAgency bonds
Which agency bond is backed by the full faith and credit of the U.S. government?
- AFannie Mae (FNMA)
- BGNMA (Ginnie Mae)✓ Correct answer
- CFreddie Mac (FHLMC)
- DFederal Home Loan Bank
Explanation
Why B — GNMA (Ginnie Mae)
Only GNMA securities are explicitly backed by the U.S. government. Fannie Mae, Freddie Mac, and FHLB are government-sponsored but not full faith and credit.
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