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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 carries the full faith and credit of the U.S. government
It is exempt from federal income tax
It is issued directly by the Treasury
It may yield more than a comparable Treasury because the backing is implied rather than explicit
