All of the following are true about insurance companies EXCEPT
A) They invest their reserves.
B) They may guarantee to reimburse lenders should lenders' loans go into default.
C) They participate in equipment leasing.
D) They may only invest their reserves in interest paying bank accounts under Federal law.
Correct Answer:
Verified
Q2: All financial intermediaries are banks.
Q3: The principal savers in the financial markets
Q4: The principal participants in in the financial
Q5: The purpose of financial markets is to
Q6: In Financial markets, borrowers and lenders most
Q7: Which of the following is true regarding
Q8: Financial intermediaries help bring savers and borrowers
Q9: Mutual Funds and ETFs provide the investor
Q10: Secondary markets
A) function as a place for
Q11: Commercial banks in the U.S. often own
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