Insurance companies offer two basic type of insurance; these are:
A. property and casualty companies.
B. life insurance and mutual funds.
C. whole life and term life insurance companies.
D. life insurance and property and casualty insurance.
Answer: D
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The global financial crisis lead to a decline in stock prices because
A) of a lowered expected dividend growth rate. B) of a lowered required return on investment in equity. C) higher expected future stock prices. D) higher current dividends.