Multiple Choice
Which of the following statements about risk-bearing financial institutions is not correct?
A) They are a good example of creating self-insurance by the customers of these institutions.
B) They allow its customers to transfer their financial risks to the institution for a fee.
C) They capitalize on their size to mitigate risks.
D) They finance the cost of any losses by the fees they get from their customers.
Correct Answer:
Verified
Correct Answer:
Verified
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