Which of the following statements about the insurance industry as a source of investment funds is (are) true?
I. These funds result in a lower cost of capital than would exist in the absence of insurance.
II. These funds tend to promote economic growth and full employment.
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: C
You might also like to view...
Which of the following statements related to loss carrybacks and carryforwards is correct?
a. the benefit due to a loss carryforward is reported only in the loss year b. the benefit due to a loss carryforward can be reported in both the loss year and future years c. the benefit due to a loss carryback is reported only in the 2nd year preceding the loss year d. the benefit due to a loss carryback can be reported in both the loss year and future years
Which of the following contribute(s) to machine flexibility?
A) small general-purpose machinery B) mobility of machines C) automated high-capacity machines D) A and B above E) B and C above