SIE practice questionmediumAgency Bonds
Which agency bond is directly backed by the full faith and credit of the U.S. government?
- AFederal Farm Credit Banks
- BFreddie Mac (FHLMC)
- CFannie Mae (FNMA)
- DGinnie Mae (GNMA)✓ Correct answer
Explanation
Why D — Ginnie Mae (GNMA)
Only Ginnie Mae has the full faith and credit backing. Fannie Mae, Freddie Mac, and Farm Credit are GSEs backed implicitly but not explicitly.
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