Question 21

With regards to non-bank institutions:

Select one:

a. Insurance companies selling life policies tend to acquire short-term assets because they have relatively predictable inflows and outflows.

b. Currently, the Ministry of Economic Development supervises life insurance companies in New Zealand.

c. Life insurance companies are regarded as depository institutions as they receive funds as premiums.

d. In New Zealand, insurance companies are now required to publish a Key Information Summary, similar to what is required for banks.

e. Life insurance companies are more likely to acquire long-term assets because their liabilities are long-term in nature.