the economics of money, banking, and financial markets

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53!

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11. 
    

    Which of the following are not contractual savings institutions?
    A) Life insurance companies
    B) Credit unions
    C) Pension funds
    D) Government retirement funds
    Answer: B
    Diff: 1 Type: MC Page Ref: 35 - 36
    Skill: Recall
    Objective List: 2.1 Summarize the basic function performed by financial markets

    
    


12. 
    

    Which of the following is not a contractual savings institution?
    A) A life insurance company
    B) A pension fund
    C) A finance association
    D) A property and casualty insurance company
    Answer: C
    Diff: 1 Type: MC Page Ref: 35 - 36
    Skill: Recall
    Objective List: 2.1 Summarize the basic function performed by financial markets

    
    


13. 
    

    The primary assets of a pension fund are ____.
    A) money market instruments
    B) corporate bonds and stock
    C) consumer and business loans
    D) mortgages
    Answer: B
    Diff: 1 Type: MC Page Ref: 35
    Skill: Recall
    Objective List: 2.1 Summarize the basic function performed by financial markets

    
    


14. 
    

    Which of the following are investment intermediaries?
    A) Life insurance companies
    B) Mutual funds
    C) Pension funds
    D) Government retirement funds
    Answer: B
    Diff: 1 Type: MC Page Ref: 37
    Skill: Recall
    Objective List: 2.1 Summarize the basic function performed by financial markets