SIE Exam Question 638: Answer and Explanation

Question: 638

Which of the following securities are backed by the full faith and credit of the U.S. government?

• A. Federal Home Loan Mortgage Corporation debentures (Freddie Macs)
• B. Federal National Mortgage Association certificates (Fannie Maes)
• C. Government National Mortgage Association certificates (Ginnie Maes)
• D. Student Loan Marketing Association notes (Sallie Maes)

Correct Answer: C

Explanation:

Only Government National Mortgage Association certificates (Ginnie Maes) are backed by the full faith and credit of the U.S. government.