To promote economic growth

To protect consumers

To ensure the stability of the financial system

To reduce systemic risk

The Federal Reserve

The Securities and Exchange Commission

The Federal Deposit Insurance Corporation

The Office of the Comptroller of the Currency

To control inflation

To promote economic growth

To stabilize the financial system

All of the above

Banks are for-profit institutions, while credit unions are not-for-profit institutions.

Banks are regulated by the government, while credit unions are not.

Banks offer a wider range of financial products and services than credit unions.

All of the above

To insure deposits up to a certain amount

To regulate banks

To provide loans to banks

To promote economic growth

An international agreement on bank capital requirements

A set of rules for regulating the financial industry

A treaty that establishes a common currency for a group of countries

A trade agreement between the United States and China

To reform the financial industry in the wake of the 2008 financial crisis

To protect consumers from predatory lending practices

To increase the transparency of the financial system

All of the above

To regulate the securities industry

To protect investors

To ensure the integrity of the financial markets

All of the above

A stock represents ownership in a company, while a bond is a loan to a company.

A stock is more risky than a bond.

A stock pays dividends, while a bond pays interest.

All of the above

To pool money from many investors and invest it in a diversified portfolio of stocks, bonds, and other assets

To provide investors with a convenient way to save for retirement

To reduce the risk of investing in individual stocks and bonds

All of the above

A 401(k) is a retirement savings plan offered by an employer, while an IRA is a retirement savings plan that is not offered by an employer.

A 401(k) has higher contribution limits than an IRA.

A 401(k) offers more investment options than an IRA.

All of the above

To identify and address risks to the financial system

To coordinate the activities of financial regulators

To promote financial stability

All of the above

A bank run is a situation in which a large number of depositors withdraw their money from a bank at the same time, while a financial crisis is a widespread disruption of the financial system.

A bank run can lead to a financial crisis, but a financial crisis does not always involve a bank run.

A bank run is more common than a financial crisis.

None of the above

To protect consumers from unfair, deceptive, or abusive financial practices

To enforce consumer protection laws

To educate consumers about their financial rights

All of the above

A credit score is a number that summarizes your credit history, while a credit report is a detailed record of your credit history.

A credit score is more important than a credit report.

A credit score is used by lenders to determine your creditworthiness, while a credit report is used by employers to determine your employment history.

None of the above