Which One of the Following Statements Correctly Describes the Unique

question 117

Multiple Choice

Which one of the following statements correctly describes the unique feature of GNMA pass-through securities?

• A) The interest income on a GNMA is exempt from state and federal tax.
• B) GNMAs consistently have lives of 25-30 years.
• C) GNMAs are backed by the full faith and credit of the issuing state.
• D) GNMAs pay income to holders on a monthly basis.

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Definitions:

End Their Lives

A term often associated with suicide, referring to the act of someone intentionally causing their own death.

Social Media

Online platforms and technologies that facilitate the sharing of ideas, interests, and information through virtual networks and communities.

Academic Achievement

Academic Achievement refers to a student's success in meeting short or long-term goals in education, often measured by grades, tests scores, and other criteria.

Unhappiness

A state of sadness or dissatisfaction with life’s circumstances.