A life insurance company purchases $1 billion of corporate bonds from premiums collected on its
life insurance policies. Therefore
A) the corporate bonds are indirect securities and the life insurance policies are direct securities.
B) the corporate bonds are direct securities and the life insurance policies are indirect securities.
C) the corporate bonds are direct securities and the life insurance policies are direct securities.
D) the corporate bonds are indirect securities and the life insurance policies are indirect
securities.
B
You might also like to view...
Under the direct write-off method, bad debt expense is recognized when it has been determined that an account is uncollectible
Indicate whether the statement is true or false
Starbucks, Aveda, and BMW have been able to position themselves within their categories by combining quality, luxury, and premium prices with an intensely loyal customer base. These companies are employing a ________ strategy
A) market-skimming B) market-penetration C) survival D) market share maximization E) product-quality leadership
Home country laws relate to national security, antitrust, and ________
A) worker compensation B) worker benefits C) workplace safety D) ethical considerations
Which of the following provides an example of information?
A. What customer number is Bob Smith? B. Who is customer number 12345XX? C. What is product number 12345XX? D. What is my worst-selling product?