56. What is the purpose of an exchange-traded fund (ETF)?
a. Providing loans to individuals and businesses
b. Offering insurance coverage for investment portfolios
c. Tracking the performance of a specific index or sector of the market
d. Regulating interest rates in the banking sector
57. What is the role of a credit card issuer?
a. Providing loans to individuals and businesses
b. Offering insurance coverage for credit card transactions
c. Regulating stock market transactions
d. Administering insurance claims and payouts
58. What is the purpose of a credit score?
a. Determining the interest rates on loans
b. Assessing the financial health and creditworthiness of individuals
c. Evaluating the performance of insurance companies
d. Regulating foreign exchange transactions
59. Which financial institution is responsible for regulating and supervising the insurance industry in the European Union?
a. European Central Bank (ECB)
b. European Insurance and Occupational Pensions Authority (EIOPA)
c. European Securities and Markets Authority (ESMA)
d. European Banking Authority (EBA)
60. What is the purpose of a money transfer service?
a. Providing loans to individuals and businesses
b. Offering insurance coverage for international money transfers
c. Facilitating the transfer of funds between individuals and businesses
d. Regulating the activities of commercial banks
