11. What is the role of a financial advisor?
a. Providing legal advice in financial matters
b. Assessing the creditworthiness of individuals and businesses
c. Offering investment advice and financial planning services
d. Regulating the insurance industry
12. Which regulatory body is responsible for overseeing securities markets in the United States?
a. Federal Reserve System (Fed)
b. Securities and Exchange Commission (SEC)
c. Financial Industry Regulatory Authority (FINRA)
d. Commodity Futures Trading Commission (CFTC)
13. What is the purpose of underwriting in the insurance sector?
a. Assessing the risk of potential policyholders
b. Setting premium rates for insurance policies
c. Administering claims and payouts to policyholders
d. Regulating the insurance market
14. What is the role of a mortgage broker?
a. Providing insurance coverage for real estate properties
b. Offering loans for purchasing real estate properties
c. Assisting individuals in finding suitable mortgage lenders
d. Evaluating the creditworthiness of mortgage applicants
15. Which financial institution acts as an intermediary between borrowers and lenders in the mortgage market?
a. Investment bank
b. Commercial bank
c. Mortgage broker
d. Mortgage-backed securities issuer
