Series 28: Agency Securities

Taken from our Series 28 - Introducing Broker-Dealer Financial and Operations Principal Qualification Examination

Definition of the term Agency Securities...

securities issued or backed by government agencies or government-sponsored enterprises. For example, Ginnie Mae is a government agency that guarantees securities with the full faith and credit of the federal government, whereas Fannie Mae is a government-sponsored enterprise that issues securities without an explicit government guarantee. Both are considered agency securities.

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