The Licensing and Regulation of Financial Advisers Is One Way

question 3

True/False

The licensing and regulation of financial advisers is one way by which the government tries to deal with the problem of inadequate information that financial firms have about their customers.

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Definitions:

Retirement Saving

Financial savings accumulated over an individual’s working life to provide income in retirement.

Balanced-Budget Policies

Financial or fiscal strategies employed by governments to ensure spending does not exceed income.

Government Debt

Government debt is the total amount of money owed by the government to creditors, often as a result of borrowing to cover budget deficits.

Social Security

A government program that provides financial assistance to people with an inadequate or no income, primarily the elderly, disabled, and families with dependent children.