An unattractive feature of U.S. corporate bonds is that there is no secondary market and the investor is forced to hold the bond until maturity

Which of the following signatures is not required on an individual insurance application?

A) Producer B) Applicant C) Insured D) Insurer

Why have purchased liquidity management techniques become very popular in spite of its limitations?

A. Because it insulates the assets of an FI from normal drains on liability liquidity. B. Because funds can be easily raised in the eventuality of a liquidity crunch. C. Because of decrease in the cost of funds during periods of high interest rate volatility. D. Because the funds are covered by deposit insurance. E. Because the adjustment to the deposit drain occurs on the liability side of the balance sheet.