Which of the following statements about the insurance industry as a so

Which of the following statements about the insurance industry as a source of investment funds is (are) true?

I. These funds result in a lower cost of capital than would exist in the absence of insurance.
II. These funds tend to promote economic growth and full employment.
A) I only
B) II only
C) both I and II
D) neither I nor II

ANSWER

Answer: C