Freddie Mac released information about quarterly income and expenses. This is an example of:

What is a mutual fund?

(A) A company that collects money from people to insure their families against their loss of income. (B) A group that makes loans to investors who sometimes have a history of not paying back their loans. (C) A device for pooling the savings of many investors and investing it in a variety of ways. (D) A group that borrows money from many different sources to lend to its members.

Why is the replacement cost approach easier to apply to a new building than an old building:

A: Because of depreciation estimates; B: Because historic costs are hard to obtain; C: Because of land valuation problems; D: Because of building code changes.