Which of the Following Statements Is FALSE

question 40

Multiple Choice

Which of the following statements is FALSE?

• A)Mortgage-backed securities,such as GNMAs,are pass-through securities.That is,each security is backed by an underlying portfolio or pool of mortgages.
• B)The Government National Mortgage Association (GNMA,or "Ginnie Mae")is an example of an enterprise;the Student Loan Marketing Association ("Sallie Mae")is an example of a government-sponsored agency.
• C)Sovereign debt is debt issued by national governments.
• D)Agency securities are issued by agencies of the U.S.government or by U.S.government sponsored enterprises.

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Definitions:

Progressive Conservationists

Individuals or groups who combine efforts for social reform with the advocacy for conservation of natural resources, believing in sustainable use and protection of the environment through progressive policies.

Natural Resources

Materials or substances occurring in nature which can be exploited for economic gain, such as minerals, forests, water, and fertile land.

National State

A political entity characterized by a defined territory, permanent population, government, and capacity to enter into relations with other sovereign states.

Sherman Antitrust Act

Passed in 1890, first law to restrict monopolistic trusts and business combinations; extended by the Clayton Antitrust Act of 1914.