Which of the Following Statements Is/are True as Applied to U.S

Which of the following statements is/are true as applied to U.S. agency debt?
I. It is equally as risky as Treasury debt.
II. It is frequently subject to state taxes.
III. It has the same credit guarantee as U.S. Treasury debt.
IV. It generally has a lower yield than U.S. Treasury debt with the same maturity.

A) II only
B) III only
C) I and III only
D) III and IV only
E) I, III, and IV only

Correct Answer:

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