Guaranteed investment contracts (GICs) offered by a life insurance company
A. are endowment life policies marketed to group insurance policyholders.
B. are short- and medium-term debt instruments sold to fund their pension plan business.
C. can only be purchased by a group life insurance plan.
D. earn a return based on the consumer price index (CPI)
E. Short- and medium-term investments in venture capital firms.
Ans: B. are short- and medium-term debt instruments sold to fund their pension plan business.
Business
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