Which of the Below Statements Is FALSE

question 5

Multiple Choice

Which of the below statements is FALSE?

• A) The TVA was established by Congress in 1933, primarily to provide flood control, navigation, and agricultural and industrial development, and to promote the use of electric power in the Tennessee Valley region.
• B) In the 1930s, Congress created a federally related institution, the Federal National Mortgage Association, popularly known as "Fannie Mae," which was charged with the responsibility to create a liquid secondary market for mortgages.
• C) The Federal Agricultural Mortgage Corporation (popularly known as "Farmer Mac") provides a secondary market for first mortgage forestry land loans.
• D) In 1970, Congress created the Federal Home Loan Mortgage Corporation (Freddie Mac). The reason for the creation of Freddie Mac was to provide support for conventional mortgages.

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