NO.PZ2023021601000043
问题如下：
Which of the following institutional investors is most likely to have a low tolerance for investment risk and relatively high liquidity needs?
选项：
A.Insurance company
B.Defined benefit pension plan
C.Charitable foundation
解释：
Insurance companies need to be relatively conservative and liquid, given the necessity of paying claims when due.老师， 为什么不能选DB pension 呢？
