SIE Exam Question 295: Answer and Explanation

Question: 295

Your customer wants to invest in a conservative income-producing investment and is inquiring about GNMAs. She wants to know the minimum dollar amount required to purchase a pass-through certificate. You should tell her:

• A. There is no minimum; you can invest almost any sum.
• B. $10,000.
• C. $5,000.
• D. $1,000.

Correct Answer: D

Explanation:

D: The minimum dollar amount to purchase a GNMA pass-through certificate is $1,000.