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NEW QUESTION: 1
A town has $25 million excess funds to invest long term. The town's investment policy requires it have full FDIC coverage on all investments. The town is willing to do its own due diligence on the financial institutions that they invest in, but would prefer to have one statement. Which of the following investment options meets its requirements?
A. Certificate of Deposit Account Registry Service
B. Separately managed diversified portfolio
C. Jumbo Certificates of Deposit
D. Institutional Money Market Account
Answer: A
NEW QUESTION: 2
DRAG DROP
Answer:
Explanation:
NEW QUESTION: 3
The Kayak Company self funds the health plan for its employees. This plan is an example of a type of self-funded plan known as a general asset plan. The fact that this is a completely self-funded plan indicates that
A. The plan most likely is exempt from ERISA requirements concerning the limits on benefit discrimination for classes of employees
B. Kayak passes to its employees the financial risk of providing healthcare coverage
C. The plan is exempt from the state laws and regulations that apply to health insurance policies
D. The plan has no funding vehicle
Answer: C