Which of the following is not an example of a financial institution that applies collective risk bearing?
A) Swiss banks
B) Mutual funds
C) Pension plans
D) Insurance companies

Question

Quizplus · Accepted Answer

Swiss banks are typically not known for applying collective risk bearing. They primarily offer private banking services to high net worth individuals and do not typically share risks with other parties. Mutual funds, pension plans, and insurance companies, on the other hand, all involve pooling resources and risks across multiple individuals or entities.

Which of the Following Is Not an Example of a Financial