This relates to FNS40815 Certificate IV in Finance and Mortgage Broking - FNSINC402 Develop and maintain in-depth knowledge of products and services used by an organisation or sector.

Q1: Using comparison websites is a good way to obtain up-to-date information about financial products and services. Explain some of the limitations of these comparison systems.(Explain systems that can be accessed to obtain up-to-date information on products, services, and competition).

Q2: Describe the difference between a debit card and a credit card.

(Describe the products and services used by the organisation or sector and their purpose).

Q3: Assume one of the big four banks in Australia introduced a new home loan product which was highly competitive for the other 3 banks. Describe the most likely outcome.

(Describe products and services used by competitors that are similar to those of the organisation).

Q4: Explain how a financial products broker might segment customers and potential customers. Which segments would be the most attractive to them, and why?

(Explain different marketing methods and approaches to promoting or selling financial products and services).