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The liquidity requirements of a pension fund differ from the liquidity requirements of a life insurance company in that the liquidity requirements of a pension fund: A. will be dictated by state statutes, whereas the liquidity requirements of a life insurance company will be dictated by federal statute. B. and the liquidity requirements of an insurance company will be dictated by federal statute. C. will be a direct function of the age of employees and the retired-lives portion of participants, whereas the liquidity requirements of a life insurance company will be a function of the liability requirements of products sold. |