Which of the Following Statements About GNMA Is/are True

question 39

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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Definitions:

Budget Constraint

The limitation on the consumption bundles that a consumer can afford based on their income and the prices of goods and services.

Equation

A mathematical statement that asserts the equality of two expressions, typically represented with the symbol "=".

Choice Set

The collection of all possible options available to a decision-maker in a given scenario.

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