1) In financial markets, when a firm issues stock for the first time it is called an

A. investment portfolio option.

B. initial portfolio offering.

C. initial public offering.

D. investment portfolio offering.

2) Insurance companies reduce risk exposure in exchange for a portion of their insurance premiums by obtaining

A.

bankers acceptances.

B.

federal insurance.

C.

reinsurance.

D.

government loan guarantees.

3) The Pension Benefit Guarantee Corporation performs a role similar to that of

A.

the FDIC.

B.

the Comptroller of the Currency.

C.

the Federal Reserve System.

D.

the Office of Thrift Supervision.