Agency debt _____ but ______. is the lowest level of treasury debt; is guarantee

Question

Agency debt _____ but ______.

is the lowest level of treasury debt; is guaranteed by Ginnie Mae.

is not U.S. Treasury Debt; has an "implicit" guarantee that the U.S. Goverment will not let it default.

is typically issued by MNCs; is guaranteed by the U.S. export agency

all of the above

is the lowest level of treasury debt; is guaranteed by Ginnie Mae.

is not U.S. Treasury Debt; has an "implicit" guarantee that the U.S. Goverment will not let it default.

is typically issued by MNCs; is guaranteed by the U.S. export agency

all of the above

Explanation / Answer

The answer is Agnecy debt is is the lowest level of treasury debt but is guaranteed by Ginnie Mae.

Explantion: Agency debt are bonds do not include those issued by the U.S. Treasury or municipalities. They include such agencies as Fannie Mae, Freddie Mac, Sallie Mae and the Federal Home Loan Banks

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