Which of the following financial assets made up the greatest proportion of the financial assets held by Taiwanese households?

A. a fixed level of income for the life of the owner

B. a fixed stream of income or a stream of income that is determined according to a specified formula for the life of the security

C. a variable level of income for owners on a fixed income

D. a fixed or variable income stream at the option of the owner

E. a riskless return that is fixed for life

A. Top-down

B. Bottom-up

C. Middle-out

D. Buy and hold

E. Asset allocation

A. Commercial banks

B. Insurance companies

C. Investment companies

D. Credit unions credit unions

E. Commercial banks, insurance companies, investment companies, and credit unions

A. a common share of Microsoft

B. an Intel bond

C. a commodity futures contract and a call option on Intel stock

D. a call option on Intel stock and an Intel bond

E. a common share of Intel stock

A. choosing which securities to hold based on their valuation

B. investing only in "safe" securities

C. the allocation of assets into broad asset classes

D. top-down analysis

E. moving assets between stocks and bonds

A. the ability to engage in proxy fights.

B. management's control of pecuniary rewards.

C. the ability to call shareholder meetings.

D. the threat of takeover by other firms.

E. one-share/one-vote election rules.