Which of the Following Statements Is FALSE

question 38

Multiple Choice

Which of the following statements is FALSE?

• A)Mortgage-backed securities,such as GNMAs,are pass-through securities.That is,each security is backed by an underlying portfolio or pool of mortgages.
• B)The Government National Mortgage Association (GNMA,or "Ginnie Mae")is an example of an enterprise backed by the government,but owned privately;the Student Loan Marketing Association ("Sallie Mae")is an example of a government-sponsored agency,a wholly owned subsidiary of the U.S.government.
• C)Sovereign debt is debt issued by national governments.
• D)Agency securities are issued by agencies of the U.S.government or by U.S.government-sponsored enterprises.

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Definitions:

Achievement

Achievement refers to the successful accomplishment of a task or goal, often recognized or rewarded due to the effort, skill, or courage involved in its completion.

Products

Items or services offered for sale, ranging from physical goods to online software, that fulfill the needs or desires of consumers.

VALS Framework

A psychographic segmentation tool that categorizes consumers into eight distinct types based on their values, attitudes, and lifestyles.

Psychology

The scientific study of the human mind and its functions, especially those affecting behavior in a given context.