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

NEW QUESTION: 2

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

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. Short-Term investment
B. Long-Term investment
C. Credit-Risk investment
D. Annuity investment
Answer: B