Which one of the following statements correctly describes the unique feature of GNMA pass-through securities?
A) The interest income on a GNMA is exempt from state and federal tax.
B) GNMAs consistently have lives of 25-30 years.
C) GNMAs are backed by the full faith and credit of the issuing state.
D) GNMAs pay income to holders on a monthly basis.
Answer: D
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If input and processing controls are adequate, why are output controls needed?
Which of the following statements is NOT true about a flexible manufacturing system (FMS)
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