66. What is the purpose of a personal line of credit?
a. Providing insurance coverage for personal expenses
b. Offering loans for personal use with a predetermined credit limit
c. Regulating stock market transactions
d. Managing retirement savings
67. What is the primary function of a central bank?
a. Providing loans to commercial banks
b. Offering insurance coverage for central government expenses
c. Regulating the activities of investment banks
d. Controlling the money supply and monetary policy of a country
68. What is the purpose of a certificate of deposit (CD)?
a. Providing loans to individuals and businesses
b. Offering insurance coverage for certificate holders
c. Facilitating international trade agreements
d. Allowing individuals to earn interest on their savings for a fixed period
69. Which of the following is a characteristic of a high-yield bond?
a. Low-risk investment with low potential returns
b. High-risk investment with high potential returns
c. Fixed interest payments and principal repayment at maturity
d. Government-backed investment with guaranteed returns
70. What is the purpose of a financial statement?
a. Assessing the creditworthiness of borrowers
b. Providing insurance coverage for financial assets
c. Summarizing the financial position and performance of a company
d. Regulating interest rates in the banking sector
