FHLMC and FNMA Are Government-Sponsored Enterprises Charged with Which One

question 9

Multiple Choice

FHLMC and FNMA are government-sponsored enterprises charged with which one of the following duties?

• A)providing home mortgages directly to homeowners
• B)purchasing only defaulted mortgages from banking institutions
• C)guaranteeing mortgages with the full faith and credit of the U.S. government
• D)providing guarantees equal to GNMA's to the home mortgage market
• E)promoting liquidity in the home mortgage market

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