Thursday Trivia

By FederalDaily Staff

Blog archive

Government-sponsored enterprises

 Which one of the following NOT a government-sponsored enterprise?

A. Federal National Mortgage Association (Fannie Mae)
B. Federal Agricultural Mortgage Corporation (Farmer Mac)
C. Federal Deposit Insurance Corporation (FDIC)
D. Federal Home Loan Banks (FHLBanks)
E. All the above

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Answer: C.

“Government Sponsored Enterprises (GSEs) are privately-held financial services corporations created by Congress to reduce the cost of capital, reduce the risk to capital suppliers, and increase the flow of credit to specific portions of the economy.“ The FDIC is not a GSE. Learn more.

Posted by FederalDaily Staff on Feb 20, 2014 at 4:02 PM

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