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Which of the following statements are true when comparing insurance companies to banks? A. Banks use leverage whereas insurers largely do not B. Banks trade

Which of the following statements are true when comparing insurance companies to banks?

A.

Banks use leverage whereas insurers largely do not

B.

Banks trade with each other whereas insurers are largely stand-alone operators

C.

All of the above

D.

Banks are liquidity poor whereas insurers are liquidity rich

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