Which of the following is NOT TRUE about Insurance companies? * a. They are non-depository institutions that does not accept deposits. b. Collects deposits like banks and reinvests them in profitable financial securities. c. Collects premiums from clients for payment of policies. d. Clients transfer risks to insurance companies in exchange for premiums paid. e. None of the choices.

Which of the following is NOT TRUE about Insurance companies? * a. They are non-depository institutions that does not accept deposits. b. Collects deposits like banks and reinvests them in profitable financial securities. c. Collects premiums from clients for payment of policies. d. Clients transfer risks to insurance companies in exchange for premiums paid. e. None of the choices.

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter12: Money, Banking And The Financial System

Section: Chapter Questions

Problem 3WNG

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Similar questions

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