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Municipal bonds include all of the following types EXCEPT: (A) New Housing Authority (B) GNMA's (C) Water & Sewer revenue (D) General obligation
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Municipal bonds include all of the following types EXCEPT: (A) New Housing Authority (B) GNMA's (C) Water & Sewer revenue (D) General obligation

User Shahzad Afridi
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1 Answer

4 votes

Answer:

The correct answer to the following question will be Option B (GNMA's).

Step-by-step explanation:

  • GNMA pays interest payments on securities that are debt-based provided by funds guaranteed by the Housing Finance Agency and the Department of Veteran affairs. Different GNMAs are released in fixed quantities of 25,000 dollars.
  • GNMA presents Ginnie Maes as securities which are issued by a government-not municipal security agency.

Therefore, Option B is the right answer.

User Anantha Krishnan
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5.3k points
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