Which of these financial institutions is the most likely to have a portfolio very similar to those of life insurance companies?
A) Money market mutual funds
B) Mutual savings banks
C) Private noninsured pension funds
D) Property and casualty insurance companies

Question

Quizplus · Accepted Answer

Private noninsured pension funds are the most likely to have a portfolio similar to those of life insurance companies because both types of institutions invest with a long-term perspective, focusing on stability and meeting future obligations.

Which of These Financial Institutions Is the Most Likely to Have