Revenue Risk Is Defined As

Revenue risk is defined as:

A) the general administrative costs of insurers include components that do not necessarily vary with the level of the equity markets
B) the general administrative costs of investors include components that must necessarily vary with the level of the equity markets
C) the particular administrative costs of insurers include components that must necessarily vary with the level of the equity markets
D) the general administrative costs of investors include components that do not vary with the level of the equity markets