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Free FINRA Series 7 Practice Exams
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Free FINRA Series 7 Practice Exam 5 (130 Questions) with Answers Quiz
1.
A federal agency security with an implicit rather than explicit government guarantee. Which statement is correct?
1
It may yield more than a comparable Treasury because the backing is implied rather than explicit
It is issued directly by the Treasury
It is exempt from federal income tax
It carries the full faith and credit of the U.S. government
