Ginnie Maes are
1)long-term bonds issued by the federal government
2)short-term,mortgage-backed securities
3)mortgage-backed securities issued by the Government National Mortgage Association
4)sold in units of $25,000

Question

Quizplus · Accepted Answer

Ginnie Maes are mortgage-backed securities issued by the Government National Mortgage Association and are typically sold in units of $25,000.

Ginnie Maes Are 1)long-Term Bonds Issued by the Federal Government