FHLMC and FNMA are government-sponsored enterprises charged with which one of the following duties?
A) providing home mortgages directly to homeowners
B) purchasing only defaulted mortgages from banking institutions
C) guaranteeing mortgages with the full faith and credit of the U.S. government
D) providing guarantees equal to GNMA's to the home mortgage market
E) promoting liquidity in the home mortgage market
Correct Answer:
Verified
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