86. What is the purpose of a personal finance budget?
a. Assessing the creditworthiness of individuals and businesses
b. Providing insurance coverage for personal expenses
c. Tracking income and expenses to manage personal finances effectively
d. Regulating foreign exchange transactions for personal use
87. What is the role of a commodities broker?
a. Providing loans to individuals and businesses in the commodities sector
b. Offering insurance coverage for commodity prices
c. Facilitating the buying and selling of commodities contracts on behalf of clients
d. Regulating the activities of commercial banks in the commodities market
88. Which regulatory body is responsible for overseeing the securities industry in the United Kingdom?
a. Bank of England (BoE)
b. Financial Conduct Authority (FCA)
c. Prudential Regulation Authority (PRA)
d. HM Treasury
89. What is the purpose of a financial derivative?
a. Providing loans to individuals and businesses based on underlying assets
b. Offering insurance coverage for financial risks
c. Speculating on the price movements of underlying assets
d. Regulating interest rates in the banking sector
90. What is the role of a financial regulator?
a. Providing loans to individuals and businesses
b. Offering insurance coverage for financial institutions
c. Regulating and supervising the activities of financial institutions to ensure compliance with laws and regulations
d. Managing the monetary policy of a country
