WORLD OF BUSINESS CERTIFICATION
EVALUATION EXAMS SET WITH
COMPLETE ANSWERS AND EXPERT
REVIEW
◉ Federal Deposit Insurance Corporation (FDIC)
Answer: an insurance fund established in 1933 that insures
individual bank accounts.
◉ National Credit Union Administration (NCUA)
Answer: an agency that regulates and charters credit unions and
insures their deposits through its National Credit Union Insurance
Fund
◉ insurance companies
Answer: businesses that protect their clients against financial
losses from certain specified risks (eg, death, accident, and theft)
◉ pension funds
Answer: managed investment pools set aside by individuals,
corporations, unions, and some nonprofit organizations to
provide retirement income for members
◉ mutual funds
, Answer: an investment company that pools individual investor
dollars and invests them in large numbers of well-diversified
securities
◉ money market fund
Answer: invests specifically in short-term debt securities issued
by governments and large corporations
◉ exchange-trade funds (ETFs)
Answer: an investment fund made up of a pool of assets that track
an underlying index
◉ brokerage firms
Answer: firms that buy and sell stocks, bonds, and other securities
for their customers and provide other financial services
◉ investment banker
Answer: underwrites new issues of securities for corporations,
states, and municipalities
◉ finance companies
Answer: businesses that offer short term loans at substantially
higher rates of interest than banks
◉ electronic funds transer (EFT)
EVALUATION EXAMS SET WITH
COMPLETE ANSWERS AND EXPERT
REVIEW
◉ Federal Deposit Insurance Corporation (FDIC)
Answer: an insurance fund established in 1933 that insures
individual bank accounts.
◉ National Credit Union Administration (NCUA)
Answer: an agency that regulates and charters credit unions and
insures their deposits through its National Credit Union Insurance
Fund
◉ insurance companies
Answer: businesses that protect their clients against financial
losses from certain specified risks (eg, death, accident, and theft)
◉ pension funds
Answer: managed investment pools set aside by individuals,
corporations, unions, and some nonprofit organizations to
provide retirement income for members
◉ mutual funds
, Answer: an investment company that pools individual investor
dollars and invests them in large numbers of well-diversified
securities
◉ money market fund
Answer: invests specifically in short-term debt securities issued
by governments and large corporations
◉ exchange-trade funds (ETFs)
Answer: an investment fund made up of a pool of assets that track
an underlying index
◉ brokerage firms
Answer: firms that buy and sell stocks, bonds, and other securities
for their customers and provide other financial services
◉ investment banker
Answer: underwrites new issues of securities for corporations,
states, and municipalities
◉ finance companies
Answer: businesses that offer short term loans at substantially
higher rates of interest than banks
◉ electronic funds transer (EFT)
