Question: 10. Explain the difference between the following. a. Chartered banks and trust and loan companies (2.5 marks) b. Life insurance companies and property and causality

10. Explain the difference between the following. a. Chartered banks and trust and loan companies (2.5 marks) b. Life insurance companies and property and causality insurance companies (2.5 marks) c. Mutual funds and money market mutual funds (2.5 marks) d. A mortgage and mortgage-backed security (2.5 marks)

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