A) will be dictated by state statutes, whereas the liquidity requirements of a life insurance company will be dictated by federal statute.
B) will be a direct function of the age of employees and the retired-lives portion of participants, whereas the liquidity requirements of a life insurance company will be a function of the liability requirements of products sold.
C) and the liquidity requirements of an insurance company will be dictated by federal statute.
A、asset market liquidity
B、funding liquidity
C、balance sheet
D、all of the above
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