91. What is the purpose of a credit default swap?
a. Assessing the creditworthiness of individuals and businesses
b. Providing insurance coverage against the default of a specific debt obligation
c. Regulating stock market transactions
d. Facilitating international trade agreements
92. Which of the following is a characteristic of a 401(k) retirement plan?
a. Fixed contribution amount from employees and employers
b. Employer-sponsored pension plan
c. Guaranteed income payments for retirees
d. Government-funded retirement program
93. What is the purpose of a central counterparty clearinghouse (CCP)?
a. Regulating the activities of investment banks
b. Insuring investors against losses in case of stock market crashes
c. Facilitating the clearing and settlement of trades in financial markets
d. Administering insurance claims and payouts for investment losses
94. What is the role of a mortgage lender?
a. Providing loans to individuals and businesses for the purchase of real estate
b. Offering insurance coverage for mortgage payments
c. Regulating interest rates in the banking sector
d. Administering insurance claims and payouts for property damage
95. What is the purpose of a money transfer operator?
a. Providing loans to individuals and businesses for money transfers
b. Offering insurance coverage for international money transfers
c. Facilitating the transfer of funds between individuals and countries
d. Regulating the activities of commercial banks in the money transfer sector
