Which One of the Following Statements Correctly Describes the Unique

question 117

Multiple Choice

Which one of the following statements correctly describes the unique feature of GNMA pass-through securities?

• A) The interest income on a GNMA is exempt from state and federal tax.
• B) GNMAs consistently have lives of 25-30 years.
• C) GNMAs are backed by the full faith and credit of the issuing state.
• D) GNMAs pay income to holders on a monthly basis.

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Definitions:

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Clothing and accessories worn to create a specific character appearance, often used in theater, film, and celebrations.

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A theory suggesting that people prefer things they are familiar with over those that are unfamiliar.

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Identical copies of an image or object, but reversed left to right, as if viewed in a mirror.