Which of the following statements with regard to life insurance companies is TRUE? Select one: a. Life insurance companies are more likely to acquire long-term assets because their liabilities are long-term in nature. b. Life insurance companies tend to acquire short-term assets because they have relatively predictable inflows and outflows. c. The Reserve Bank of Australia regulates life insurance companies. d. Life insurance companies are more likely to acquire short-term assets than long-term securities, for liquidity reasons.