14. One of the benefits achieved by financial institutions from promoting diversified financial services products is: a. Lower minimum capital requirements. b. Never having to incur FDIC insurance cost. c. Low correlation between revenue generated from traditional versus nontraditional products. d. Eliminating risk of failure.

15. Property casualty insurance companies invest in shorter term securities because: a. They are not allowed to invest in long-term securities. b. To avoid greater decline in securities value if market interest rates rise. c. They need to have sufficient liquidity to cover frequent claims resulting from property damage. d. Short term securities will result in lower tax liability from sale.