Operational Risk Refers to

Q5: Citigroup could be classified as<br>A) BIS<br>B) ETF<br>C)

Q6: Life insurance companies are regulated by<br>A) OCC<br>B)

Q7: One of the benefits of intermediation is

Q8: Consolidation refers to the concentration of assets

Q9: Cash surrender value is the current price

Q11: Hybrid funds invest primarily in derivatives.

Q12: Secondary securities include demand deposits and mutual

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