1) How are individuals who invest in bonds protected from fraudulent schemes?

A) The brokerage account associated with the investment is covered through the SIPC

B) Individuals are insured by the company they buy the bonds from

C) The brokerage account is insured through the FDIC

D) Individuals buy insurance separately using the same agent for their home, life, and auto

2) In which of the following scenarios should the individual opt for a financial advisor rather than a financial counselor to be most productive?

A) Amy needs to buy three types of insurance: health, life, and long-term care

B) Grey needs to create a plan to clear her overdue credit card payments

C) Maya wants to reopen her clothing boutique which closed its doors due to nonpayment of its suppliers

D) Ali makes minimum wage from a part-time job and needs basic advice for starting a financial plan