📝 Series 65 Question of the Day — August 3, 2026

Which of the following is NOT a characteristic of Ginnie Mae (GNMA) pass-through certificates?

A) They carry the full faith and credit guarantee of the U.S. government.

B) Cash flows to investors are distributed monthly and include both interest and principal.

C) Interest income is exempt from state and local income taxes.

D) They are backed by pools of residential mortgage loans.

💬 Drop your answer in the comments! The answer & explanation will be revealed tomorrow.

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Topic: Characteristics of Investment Vehicles