🏦LTB
SIE: Debt Securities
SIE practice questionmediumAgency Bonds

Which agency security is fully backed by the U.S. government?

  1. AFederal Farm Credit Bank bond
  2. BFannie Mae bond
  3. CFreddie Mac note
  4. DGNMA pass-through✓ Correct answer
Explanation

Why DGNMA pass-through

Only GNMA securities carry the full faith and credit guarantee; the others are GSEs with implied, not explicit, backing.

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