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:

Participative

denotes a leadership style or decision-making process that involves input and active participation from all members of a group or organization.

Achievement-oriented

Focused on setting and accomplishing goals, often with high standards and a strong drive for success.

Leader's Style

Describes the methods, behaviors, and strategies a leader uses to influence the actions and attitudes of followers.

Follower's Motivation

The drive or incentive that followers have to pursue goals or tasks, which can be enhanced through effective leadership.