24. Which of the following services do investment banking firms (IBFS) NOT provide? A) origination B) underwriting stock C) distribution of stock D) advising ) IBFs provide all of the services above 25. The insurance limit of the Securities Investor Protection Corporation (SIPC) is $ A) 100,000 B) 200,000 C) 500,000 D) 1,000,000 E) none of the above 26. Investment banking firms A) tend to overprice IPOs. B) tend to underprice IPOs. C) tend to price IPOs correctly, D) are typically not involved in IPOs, 27. A life insurance company is owned by its policyholders, most life insurance companies are A) stock-owned; mutual B) mutual mutual C) stock-owned; stock-owned D) mutual; stock-owned 28. Which type of life insurance policy does not build a cash value for policyholders? A) whole life B) term C) universal life D) All of the above build a cash value 29. Which of the following is a difference in characteristics between life insurance companies and property and casualty insurance companies? A) property and casualty policies are longer term B) the type of policies offered by life insurance companies are less focused c) future compensation amounts paid on property and casualty policies are more difficult to forecast D) life insurance companies need to maintain a more liquid asset portfolio 30 effoctively reallocatos a portion of an insurance company's retum and risk to other insurance companies. A) Reinsurance B) Cash flow underwriting C) Factor insurance D) Universal insurance