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. What functions are carried out by insurance companies? Given these functions, how do insurance companies contribute to the development of a country's economy? Give as detailed an explanation as possible. (Groups 1 and 2)

. What functions are carried out by insurance companies? Given these functions, how do insurance companies contribute to the development of a country's economy? Give as detailed an explanation as possible. (Groups 1 and 2)

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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12:58 1. What functions are carried out by insurance companies? Given these functions, how do insurance companies contribute to the development of a country's economy? Give as detailed an explanation as possible. (Groups 1 and 2) 2. Identify the functions of commercial banks. Given these functions, how do commercial banks contribute to the development of the economy of the Eastern Caribbean? (Groups 3 and 4) 3. Discuss why Governments issue securities. Identify a bond (giving the issue amount; the maturity and the coupon rate) that a selected government can issue to carry out a specific project. How will the project contribute to the economy?(Groups 5 and 6) II
Transcribed Image Text:12:58 1. What functions are carried out by insurance companies? Given these functions, how do insurance companies contribute to the development of a country's economy? Give as detailed an explanation as possible. (Groups 1 and 2) 2. Identify the functions of commercial banks. Given these functions, how do commercial banks contribute to the development of the economy of the Eastern Caribbean? (Groups 3 and 4) 3. Discuss why Governments issue securities. Identify a bond (giving the issue amount; the maturity and the coupon rate) that a selected government can issue to carry out a specific project. How will the project contribute to the economy?(Groups 5 and 6) II
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Hi, since you have asked multiple questions, we will answer the first one, as per authoring guidelines. Please repost the others separately.
Insurance term indicates sharing risk. It is a business which is involved in sharing risk and managing risk. In a typical insurance contract, the insurer pays premium to the companies and the insurance companies promises to pay a part or full amount of loss to the company in an unwanted event.

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