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Question
The insurance company that was the largest beneficiary of federal bailout funds during the most recent financial crisis was
A. Globe Life.
B. UBS.
C. State Farm.
D. AIG.
E. New York Life.
Answer
This answer is hidden. It contains 1 characters.
Related questions
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The Insurance Regulatory Information System (IRIS) is a standardized examination system used to measure the profitability of insurance companies.
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In the case of an insurance company failure, policyholders immediately receive a payout of the cash surrender value of their policies.
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A permanent guarantee fund for the insurance industry does not exist.
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A. auto insurance and worker's compensation.
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The McCarran-Ferguson Act of 1945
A. separated commercial banking from insurance activities.
B. mandated federal insurance company charters.
C. stipulated that insurance companies are to be regulated at the state level.
D. initiated a national insurance guaranty fund.
E. limited insurance company assets to low risk government securities.
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The surrender value of an insurance policy is
A. the expected payment commitment on existing policy contracts.
B. a fund established and held separately from the company's other assets.
C. the cash value paid to the policyholder if the policy is terminated before it matures.
D. the same as the endowment payout.
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Which of the following is NOT considered a trading activity of securities firms?
A. Position trading.
B. Pure arbitrage.
C. Liquidity trading.
D. Risk arbitrage trading.
E. Program trading.
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A. has publicly-traded common stock.
B. provides equity funds to companies that already have publicly traded common stock.
C. is a subsidiary of a nonfinancial corporation.
D. provides debt funding to only to established corporations.
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Which of the following would be a key area of activity for an investment bank specializing in the commercial side of the business?
A. Purchase of existing securities.
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C. Brokerage of existing securities.
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Cash management accounts were an early attempt by commercial banks to provide investment banking services to individuals.
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Market making involves creating a primary market in a financial asset.
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It is impossible for an individual to be approved for a finance company loan with a bankruptcy on their record.
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