Bonds are primarily known for:

a) Offering ownership in a company

b) Providing regular income through interest payments

c) Offering unlimited profit potential

d) Providing voting rights in corporate decisions

14. Suitability, in the context of investment recommendations, means:

a) Recommending investments that align with customer objectives and risk tolerance

b) Offering the highest return investments available

c) Recommending investments solely based on personal preferences

d) Ignoring customer preferences and risk tolerance

15. The role of a custodian in the securities industry is to:

a) Execute trades on behalf of investors

b) Safeguard clients' securities and assets

c) Provide investment advice to clients

d) Facilitate stock market IPOs

16. The main difference between a traditional IRA and a Roth IRA is:

a) Contribution limits

b) Tax treatment of contributions and withdrawals

c) Availability of loans against the account

d) Eligibility based on income level