Which of the following intermediaries is likely to hold the largest percentage of assets in corporate and foreign bonds?
A)life insurance companies
B)commercial banks
C)casualty companies
D)finance companies

Question

Quizplus · Accepted Answer

Life insurance companies typically invest a large portion of their assets in fixed income securities such as corporate and foreign bonds to generate income to pay out claims and maintain policyholder accounts. Commercial banks, casualty companies, and finance companies may also hold bonds in their investment portfolios, but not to the same extent as life insurance companies.

Which of the Following Intermediaries Is Likely to Hold the Largest