Which One of the Following Statements Correctly Relates to GNMA

question 8

Multiple Choice

Which one of the following statements correctly relates to GNMA securities?

• A)The primary risk associated with GNMA securities is default risk.
• B)The minimum denomination of a GNMA security, when issued, is $1,000.
• C)GNMA mortgages are guaranteed solely by the FHA.
• D)GNMA was originally established as an agency within the Department of Veteran's Affairs.
• E)If you buy a GNMA security you are accepting the risk of prepayment.

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