JAMB Economics 2020 Objective — Question 34
Question 34 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2020 Objective paper, with the correct answer and a full explanation.
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Life insurance companies contribute to economic development by
- A. holding a part of their assets in a long term financial instrumentsCorrect
- B. money market instruments
- C. cash
- D. short-term financial instruments
Explanation
Life insurance firms invest the premiums they collect in long-term financial instruments, supporting economic development.
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