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Basic Question 4 of 6
Which institutional investors typically have the longest investment time horizon?
B. Banks
C. Home insurance companies
A. University endowments
B. Banks
C. Home insurance companies
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.

Tamara Schultz
Learning Outcome Statements
describe types of investors and distinctive characteristics and needs of each
describe defined contribution and defined benefit pension plans
CFA® 2025 Level I Curriculum, Volume 6, Module 3.