Financial Analysts and Personal Financial Advisors Quiz

Which is the most likely reason for faster-than-average employment growth of financial analysts and personal financial advisors?

• The U.S. population is worse off financially than before.

• Globalization of the securities markets makes investing more complicated.

• The U.S. population likes to use the internet to handle their financial issues.

• Financial analysts and personal financial advisors do not need a college degree.

Which reason is invalid for the faster-than-average employment growth of financial analysts and personal financial advisors?

• Generally speaking, the U.S. population is better educated.

• Globalization of the securities markets makes investing more complicated.

• A large segment of the population, namely baby boomers, is facing retirement.

• Generally speaking, the U.S. population is in a worse financial state than before.

Successful bank managers and supervisors typically began their employment as:

• apprentices.

• programmers.

• tellers.

• volunteers.

The application of computers in financial institutions, the rapid diversification of customer financial services, and the expansion of facilities have brought enormous changes to the financial industry. These changes have resulted in a:

• general decline in the number of employees who are willing to work in a bank today.

• work environment that lacks the need for training and commitment to customer service.

• general upgrading of banking jobs, calling for people with technical skills, broadened cultural backgrounds, and a customer-oriented philosophy.

• wide variety of employees being trained to handle single responsibilities instead of being cross-trained to work throughout the entire financial institution.

In the banking industry, which professionals advise borrowers on credit options and payment methods?

• bank tellers

• loan officers

• bookkeepers

• bank managers

In the banking industry, a compliance officer is responsible for:

• keeping employee records in a secure manner.

• checking the documentation on customer accounts.

• ensuring that all ethical and regulatory standards are met.

• making sure that all safety regulations are being enforced.

Which individual does in-depth work on formulating investment strategies for clients, helping them fulfill their needs, and reaching their financial goals?

• financial planner

• investment banker

• financial consultant

• mutual fund manager

Which person will analyze, interpret, and process a wide variety of transactions, and be aware of their impact to assets on behalf of a beneficiary?

• financial planner

• investment banker

• trust operations specialist

• securities operations specialist

An individual who often works as part of a financial institution and is primarily concerned with raising capital for corporations, governments, or other entities is called a/an:

• market consultant.

• investment banker.

• mutual fund manager.

• securities sales agent (broker).

The specialist who is a member of a stock exchange and acts as the market maker to facilitate the trading of a given stock is called a:

• financial analyst.

• financial planner.

• trust operations specialist.

• securities operations specialist