A life insurance company purchases $1 billion of corporate bonds from
A life insurance company purchases $1 billion of corporate bonds from premiums collected on its
life insurance policies. Therefore
A) the corporate bonds are indirect securities and the life insurance policies are direct securities.
B) the corporate bonds are direct securities and the life insurance policies are indirect securities.
C) the corporate bonds are direct securities and the life insurance policies are direct securities.
D) the corporate bonds are indirect securities and the life insurance policies are indirect
securities.
ANSWER
B
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