Commercial banks and insurance companies are different in that
A) the duration of the insurance companies' liabilities is much shorter than that of the commercial banks
B) the duration of the insurance companies' liabilities is the same as that of the commercial banks
C) the duration of the insurance companies' liabilities is much longer than that of the commercial banks
D) commercial banks do not perform a certification function but insurance companies do
E) both c and d
Correct Answer:
Verified
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