Exam 29: Non-Bank Finance

________ policies have a cash value which the policyholder can claim by cancelling the policy.

Reinsurance ________.

Which of the following financial intermediaries is not a depository institution?

Private pension plans ________.

The action of guaranteeing a price for a corporation's new issue of stocks is called ________.

An insurance management tool to reduce moral hazard is to ________.

The Canada Pension Plan ________.

Provincial regulation for finance companies does not cover any of the following except for ________.

Carried interest is ________.

Shares in open-end funds are ________ while shares in closed-end funds are ________.

Securities are traded on the floor of the exchange with the help of a special kind of dealer-broker called a(n)________.

Examples of crown finance companies are ________.

Permanent life insurance is also known as ________.

________ are financial intermediaries that acquire funds by selling shares to many individuals and using the proceeds to purchase diversified portfolios of stocks and bonds.

A(n)________ is an example of a security which is currently selling on the market.

Who assists in the initial sale of securities in the secondary market?

To provide loans to new and established farmers for any agricultural or farm-related operation the government has created ________.

Individual life insurance ________.

________ policies have no cash value and provide insurance only.

Investment bankers that guarantee the corporation a price on the securities and then sell them to the public are known as ________.