Secondary Securities Include Demand Deposits and Mutual Fund Shares

Q7: One of the benefits of intermediation is

Q8: Consolidation refers to the concentration of assets

Q9: Cash surrender value is the current price

Q10: Operational risk refers to<br>A) fraud<br>B) failed internal

Q11: Hybrid funds invest primarily in derivatives.

Q13: Insurance transfers risk between financial intermediaries.

Q14: Annuities provide for<br>A) product liability<br>B) savings<br>C) credit

Q15: Mutual funds are a good source of

Q16: Whole life is the same as:<br>A) term<br>B)

Q17: Credit life insurance is used to ensure