The amount paid for the securities is reported as a short-term investment, and the difference between the amount paid and the amount at which the securities will be subsequently resold is reported as:
A. mutual agreed upon income
B. money market payment
C. dollar-repurchase payment
D. interest income
The bills that are sold at a discount to face value to yield the market rate over their life are called:
A. Capital bills
B. Treasury bills
C. Collateralized bills
D. Subsidiary bills
The agreements under which the reporting entity purchases securities and simultaneously agrees to resell the same or substantially the same securities at a stated price on a specified date are called:
A. Repurchase agreements
B. Treasury bills
C. Collateralized bills
D. Revised agreements
Property-casualty insurance companies derive investment income from which of the following primary source?
A. investment of shareholder capital
B. investment of policyholder funds
C. Both A and B
D. neither A nor B
The price of money consists of which elements?
A. intrinsic value of money
B. inflation premium
C. risk premium
D. All of the above
In the financial community, unsecured promissory notes of corporations are known as:
A. commercial paper
B. risk-based factors
C. risk premiums
D. unrealistic bonds
What provide yields competitive with commercial paper, are interest-bearing instruments issued by banks?
A. Money market
B. Deposit-Draft
C. Certificates of deposit
D. Mutual funds
What provides the insurance company with the ability to electronically send the bank daily listings of issued checks?
A. wire transfers
B. pay pal
C. Positive pay
D. structuring transfers
Which reports are also generated to indicate results from each rein surer by policy year or accident year?
A. Individual Risk Experience
B. Reinsurance Recoverable
C. Ceded reinsurance experience
D. Policy Year
There are two periods of time over which claims are analyzed:
A. mortgage year and policy year
B. accident year and policy year
C. accident year and ceded year
D. adjusting year and sales year
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