Which of the Following Statements Is FALSE

Multiple Choice

Which of the following statements is FALSE?

A) Mortgage-backed securities,such as GNMAs,are pass-through securities.That is,each security is backed by an underlying portfolio or pool of mortgages.
B) The Government National Mortgage Association (GNMA,or "Ginnie Mae") is an example of an enterprise;the Student Loan Marketing Association ("Sallie Mae") is an example of a government-sponsored agency.
C) Sovereign debt is debt issued by national governments.
D) Agency securities are issued by agencies of the U.S.government or by U.S.government sponsored enterprises.