SIE practice questionmediumAgency Bonds
Which agency security is fully backed by the U.S. government?
- AFederal Farm Credit Bank bond
- BFannie Mae bond
- CFreddie Mac note
- DGNMA pass-through✓ Correct answer
Explanation
Why D — GNMA 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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