The liquidity requirements of a pension fund differ from the liquidity requirements of
A) will be dictated by state statutes, whereas the liquidity requirements of a life insurance company will be dictated by federal statute.
B) 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.
C) and the liquidity requirements of an insurance company will be dictated by federal statute.