Which of the Following Statements About GNMA Is/are True

question 9

Multiple Choice

Which of the following statements about GNMA is/are true?
I. GNMA provides timing insurance.
II. GNMA creates pools of mortgages and issues securities.
III. GNMA insures only FHA,VA,and FMHA loans.
IV. GNMA requires that all mortgages in the pool have the same interest rate.

• A)I,II,III,and IV are true
• B)I,III,and IV only
• C)I,II,and III only
• D)II,III,and IV only
• E)III and IV only

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The total output of goods and services produced by an economy over a specific time period.

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The total market value of all final goods and services produced by the residents of a country in a given time period, minus depreciation.

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Gross Domestic Product adjusted for inflation, measuring the value of goods and services produced by a country in real terms.

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