Which of the Below Statements Is FALSE

Which of the below statements is FALSE?

A) The nature of the liabilities dictates the investment strategy a financial institution will pursue.
B) The objective of a depository institution is to earn a positive spread between the assets it invests in (what it has sold the money for) and the costs of its funds (what it has purchased the money for) .
C) Life insurance companies and, to a certain extent, property and casualty insurance companies are in the spread business.
D) Pension funds are in the spread business in that they do not raise funds themselves in the market.