Financial regulation aims to safeguard consumers from unethical practices, misrepresentation, and fraud within the financial system.

The Federal Reserve System, also known as the Fed, is the central bank of the United States and is responsible for regulating banks and maintaining the stability of the financial system.

Financial literacy aims to equip individuals with the knowledge, skills, and confidence to make informed financial decisions and manage their finances effectively.

Real estate is a physical asset, while stocks, bonds, and mutual funds are financial instruments that represent ownership or debt in a company or organization.

Borrowing refers to the act of obtaining money from a lender with the promise to repay it, typically with interest, over a specified period.

Income is not a direct factor in determining a credit score. It may indirectly influence the score through factors such as debt-to-income ratio, but it is not a core component.

A budget serves multiple purposes, including tracking income and expenses, setting financial goals, and making informed financial decisions based on the available resources.

Political risk is not a type of investment risk. It refers to the risk associated with changes in government policies or regulations that may adversely affect investments.

Saving refers to the act of setting aside a portion of income for future use or to achieve specific financial goals.

Budgeting is not a type of financial fraud. It is a financial management tool used to track income and expenses.

Diversification refers to the practice of investing in a variety of assets to reduce the overall risk of an investment portfolio.

Real estate agencies are not financial institutions. They facilitate the buying and selling of real estate properties.

Repaying refers to the act of paying back a loan, typically in regular installments, until the entire amount is settled.

Accountants are not financial advisors. They provide accounting and tax services, but they are not qualified to provide financial advice.

Wealth management refers to the professional management of investments and assets on behalf of individuals or institutions.