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:

Place of Birth

The geographical location where a person was born.

Ethnic Groups

Communities or populations sharing common cultural attributes, ancestry, language, or beliefs, defining their social identity.

Cultural Factors

Elements of a culture that influence the thoughts, behaviors, and practices of its members, including norms, values, and beliefs.

Racial Group

A racial group is a group of people classified or categorized based on physical characteristics, often skin color, that are considered by society to define a race.