Question $3(1\mathrm{.}25$ points$)$

As a property$-$casualty insurance company, having a combined ratio greater than one $($a$.$k$.$a $100$ percent$)$ is good. True or False?

$$ True

False

Question $4(1\mathrm{.}25$ points$)$

$$ Saved

The size of investment banks and securities firms usually measured by the equity capital of firms rather than the total asset size. True or False?

$$ True

False