Cole Mutual Insurance Agency e

Cole Mutual Insurance Agency earned $24,456K in premiums in 2020 and reported a net taxable loss of $340,000K. They incurred claims of $15,123K during the year and had $10,789K in expenses. What was their combined ratio at the end of 2020?

Life companies are more heavily invested in corporate bonds and less in municipal bonds than P&C companies because some of their (Life) interest income is not taxed.

Group of answer choices

True

False

What has contributed to the growth of pension plans?

The government corporation that insures pension benefits is

A. Group of answer choices

B. Humpty Dumpty.

C. Bo Peep.

D. Mother Goose.

E. Penny Benny.

Since Social Security benefits are paid from current contributions, the system is a

Group of answer choices

“pay-as-you-go” system.

defined contribution system.

privatized system.

overfunded system.

Most mutual fund investors choose the funds in which they invest.

Group of answer choices

True

False

Your best guess of the size of the sovereign wealth fund of the United States:

Group of answer choices

$3T

$400B

$0

just shy of the Norwegian National Fund

Covid and ETFs. Which one is false

Group of answer choices

A. The Fed chose a single private company to initiate its ETF purchases.

B. The Fed had never purchased an ETF prior to Pandemic-related intervention.

C. Purchasing corporate bonds through ETFs was a faster way to purchase these bonds.

D. All of the corporate bonds purchased through ETFs were of investment grade.

The majority of corporate expansion is done through

Group of answer choices

A. venture capital

B. retained earnings.

C. IPOs

D. hostile takeovers

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