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Life Insurance Types and Concepts

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Questions and Answers

What is the primary purpose of a broker-call loan?

To regulate the margin requirements

To provide liquidity to investors

To allow investors to borrow funds to purchase securities (correct)

To offer credit to insurance companies

What is the characteristic of a repurchase agreement?

Purchasing securities for resale at a markdown

Purchasing securities for resale at a markup

Selling securities for repurchase at a markup (correct)

Selling securities for repurchase at a lower price

What is the purpose of a margin call?

To require investors to deposit additional funds (correct)

To regulate the margin requirements

To provide liquidity to investors

To issue a warning to investors

What is the primary function of underwriting?

To purchase the entire issue Signup and view all the answers

What is the purpose of a reverse repurchase agreement?

To purchase securities for resale at a markup Signup and view all the answers

What is the characteristic of a short position in securities?

Selling securities that are not owned Signup and view all the answers

What is the purpose of a Cash Management Account (CMA)?

To manage cash and securities Signup and view all the answers

What is the characteristic of a long position in securities?

Buying securities with the expectation of selling at a higher price Signup and view all the answers

What is the primary difference between a repurchase agreement and a reverse repurchase agreement?

The direction of cash flow Signup and view all the answers

What is the characteristic of assets in the context of Cash Management?

Uses of funds, such as reverse repurchase agreements Signup and view all the answers