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NEW QUESTION: 1
Which of the following is FALSE?
A. Nick Leeson dealt in complex derivatives lacking transparency of pricing
B. SIMEX made inquiries to Barings Bank about large margin calls on its positions
C. Nick Leeson claimed to be running an arbitrage book
D. Nick Leeson also ran the back office for his trading area
Answer: A

NEW QUESTION: 2

A. Option D
B. Option C
C. Option B
D. Option A
Answer: D

NEW QUESTION: 3
The benefits of tax deferral will out weigh the costs of a variable annuity only if the investor holds it as:
A. Credit-Risk investment
B. Annuity investment
C. Long-Term investment
D. Short-Term investment
Answer: C