For which one of the following institutions is liquidity usually the most important? O banks O ife insurers O mutual funds O pension funds 3 pointsSa ESTION 33 Which of the following statements best reflects the importance of the asset allocation decision to the investment process? The asset allocation decision: O Helps the investor decide on realistic investment goals OIdentifies the specific securities to include in a portfolio. O Determines most of the portfolio's returns and volatility over time O Creates a standard by which to estabish an appropriate investment time horizon. 2 points (Extra Credit) save JESTION 34 LIBOR is an interest rate that is: O only used by European banks O set by the central bank of London. O an estimation of the rate banks can borrow money 2 points (Extra Credit) Save ESTION 35 When Lehman Brothers filed for bankruptcy protection on September 15, 2008, what happened to the Reserve Primary fund the folilowing day? lick Save and Submit to save and submit. Chiek Save All Ansuvers to save oll answers