Created to support the financial markets by purchasing home mortgages from banks so that the proceeds could be lent to other borrowers,
A) Government National Mortgage Association
B) Federal National Mortgage Association
C) Federal Home Loan Mortgage Corporation
D) Federal Reserve System

Question

Quizplus · Accepted Answer

The Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, was created to support the financial markets by purchasing home mortgages from banks so that the proceeds could be lent to other borrowers.

Created to Support the Financial Markets by Purchasing Home Mortgages