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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Definitions:

Organizational Members

Individuals who belong to, and play roles within, a structured entity or an organization.

Common Interests

Shared concerns or objectives among individuals or groups that lead to collaboration or collective action.

Organizational Goals

The strategic objectives set by an organization, aimed at guiding and motivating its members towards collective achievements.

Second-wealthiest

Referring to the individual or entity ranked immediately after the wealthiest in terms of total wealth or assets.