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Part II - 5Q's
US Govt, Federal Agency & Other Financial Instruments
Question | Answer |
---|---|
Short-term obligations that mature in one year or less and are sold on the basis of a discount. | Bills |
Obligations that mature between 1 year and 10 years. | Notes |
Long-term obligations that generally mature 10 years or more. | Bonds |
Separate Trading of Registered Interest and Principal Securities - consists of an ownership interest in a specified principal amount of a Treasury security that has been stripped at issuance of the right to receive any interest payments thereon. | STRIPS |
Special Treasury securities sold the US Treasury to states, municipalities and other local government bodies. | State and Local Government Series (SLGS) |
The only agency GUARANTEED by the full faith and credit of the US Govt. | Government National Mortgage Association (GNMA) |
A mortgage backed security payable from mortgage repayments from a pool of mortgage loans. | Collateralized Mortgage Obligation (CMO) |