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Which of the following statements,if any,is (are) true?
I. Mutual funds never have runs.
II. Funds invested with insurers are as safe as deposits at a bank.
III. Pension funds generally have less liquidity risk than banks.
Rules of The Game
Informal and formal institutions, norms, and conventions that shape interactions and decision-making in economic, social, and political environments.
Institutional Elements
Components of a society's system, including laws, regulations, norms, and conventions that shape economic and social interactions.
Property Rights
This term denotes the legal rights to own, use, and dispose of assets. It's a foundational element of market economies, affecting the allocation and use of resources.
Standards of Living
The level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or geographic area.
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