As an alternative to reinsurance, some insurers transfer insurable risk to the capital markets through the creation of a financial instrument, such as a catastrophe bond. Such transfers are called:

Which of the following is true of stock dividends?

A) They are the redistribution of corporate assets as shares. B) They increase an existing shareholder's proportionate ownership interest. C) They are additional stocks distributed as dividends. D) They are distributed according to the existing ownership interest of the board of directors.

In the twenty-first century, growth rates in ________ have outpaced those in ________

A) the United States and China; India and Japan B) Canada and Japan; Germany and the U.S. C) Japan and India; China and Canada D) China and India; Germany and Japan