9. When a life insurance company manages a pension fund assuming its liabilities, it is called a _________.

A. trust portfolio. B. insured plan. C. matched plan. D. projective plan. E. 401k plan

10. Overall, private pension portfolios are most heavily invested in which of the following financial assets?

A. corporate bonds. B. mortgages. C. common stock. D. money market securities. E. residential mortgages.