11. A corporation regularly borrows money from investors and promises to pay regular interest and to repay the principal at the end of the loan period. Thus, these investments provide higher return to investors, but they also expose them to price volatility, liquidity, and default risk. What type of investment does this describe?

a. debt securities

b. certificates of deposit

c. mutual funds

d. stocks

e. bonds

14. Carrie has always worked for companies that provided her with health insurance. However, she has recently lost her job, so she needs to buy an individual insurance policy. What statement can she expect to be TRUE of this policy?

a. It will be subject to exclusions, high coinsurance, and deductibles.

b. It will not be subject to any exclusions, coinsurance, or deductibles.

c. It will be less expensive than her company-provided policy.

d. It will be less expensive if she is willing to take a lower deductible.

e. It will be more expensive if she wants a higher deductible.