Which One of the Following Statements Correctly Relates to GNMA

question 33

Multiple Choice

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

• A) The primary risk associated with GNMAs is default risk.
• B) The minimal denomination of a GNMA when issued is $10,000.
• C) GNMA mortgages are guaranteed solely by the FHA.
• D) GNMAs were originally established as an agency within the Department of Veteran's Affairs.
• E) If you buy a GNMA you are accepting the risk of prepayment.

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