31. What is the role of a credit bureau in the financial sector?
a. Providing loans to individuals and businesses
b. Assessing the creditworthiness of borrowers
c. Regulating stock market transactions
d. Administering insurance claims and payouts
32. What is the purpose of the Financial Action Task Force (FATF)?
a. Regulating the activities of investment banks
b. Promoting transparency and combating money laundering and terrorism financing
c. Facilitating international trade agreements
d. Insuring international trade transactions
33. Which financial institution is responsible for regulating and supervising the securities industry 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)
34. What is the purpose of a derivative in financial markets?
a. Insuring against potential losses in investment portfolios
b. Transferring ownership of assets between parties
c. Speculating on the future price movements of underlying assets
d. Regulating the activities of insurance companies
35. Which of the following is NOT a type of insurance coverage?
a. Life insurance
b. Auto insurance
c. Cybersecurity insurance
d. Personal loan insurance
