38 Questions
What is the purpose of the workbook mentioned in the text?
To prepare for the Chartered Institute for Securities & Investment’s International Certificate in Wealth and Investment Management examination
Who are the authors of the workbook?
Kevin Rothwell, FCSI
What disclaimer is provided in the text regarding the workbook?
No responsibility for loss occasioned to any person acting or refraining from action as a result of any material in this publication can be accepted by the publisher or authors
What is the total value of shares quoted on the world’s stock exchanges as of the end of 2020?
US$109 trillion
What role does the financial services sector play in bringing together those with money to invest with companies and governments?
Providing the link between organizations needing capital and those with capital available for investment
What are the three core functions of the role of the financial services sector?
Investment chain, managing risk, and payment systems
What is the impact of better access to private equity and venture capital, according to Popov and Roosenboom (2009)?
It positively impacts the number of patents in Europe.
What is the main focus of the retail financial sector?
Services for personal customers, including retail banking, insurance, pensions, investment services, and financial planning.
What do well-developed financial markets and institutions facilitate?
Capital accumulation and production of goods and services.
What is the role of the wholesale financial markets?
Enable organizations to raise short-term finance and long-term capital for various purposes.
What is the significance of a functioning financial system?
Vital for credit provision, risk management, and creating a marketplace for finance and financial securities.
What are the businesses included in the financial services sector?
Businesses providing financial services to governments, businesses, and individuals.
What is the frequency of revision for CISI learning workbooks?
Annually
What is the status of hand-held calculators in CISI exam venues?
Not allowed
What may prompt the publication of an updated version of the CISI learning workbook?
Changes in industry practice, economic conditions, legislation/regulations, and technology
What is the consequence of unauthorized use of the workbook?
Civil claims for damages and criminal prosecution
What is the status of hand-held calculators in CISI exam venues?
Not allowed
How often are CISI learning workbooks revised?
Annually
What is the status of hand-held calculators in CISI exam venues?
Hand-held calculators are not allowed in CISI exam venues
How often are CISI learning workbooks revised?
CISI learning workbooks are revised annually
What is the purpose of the workbook mentioned in the text?
The workbook contains the full syllabus and aids in revision for the examination
What may prompt the publication of an updated version of the CISI learning workbook?
Changes in industry practice, economic conditions, legislation/regulations, and technology
What is the consequence of unauthorized use of the workbook?
Unauthorized use may result in civil claims for damages and criminal prosecution
What is the address of the Chartered Institute for Securities & Investment?
20 Fenchurch Street, London EC3M 3BY, United Kingdom
Who is the author of the workbook?
Kevin Rothwell, FCSI
What is the telephone number of the Chartered Institute for Securities & Investment?
+44 20 7645 0600
What is the frequency of revision for CISI learning workbooks?
Annually
What is the total value of shares quoted on the world’s stock exchanges as of the end of 2020?
US$109 trillion
What is the daily turnover on the foreign exchange market?
US$6 trillion
What is the primary role of the financial services sector?
Bringing together those with money to invest with companies and governments in need of capital
What is the main function of the investment chain within the financial services sector?
Bringing finance to business and opportunities for savers to manage their finances over their lifetime
How does the financial services sector contribute to financial inclusion?
By providing access to payment systems and banking services
What is the primary focus of the retail financial sector?
Providing services directly to individuals and small businesses, including banking, lending, insurance, and wealth management
What is the significance of a functioning financial system?
Vital for credit provision, risk management, and creating a marketplace for finance and financial securities
What do well-developed financial markets and institutions facilitate?
Capital accumulation and production of goods and services
What is the role of the financial services sector?
Includes businesses providing financial services to governments, businesses, and individuals
What did Popov and Roosenboom (2009) find regarding the impact of better access to private equity and venture capital?
Positively impacts the number of patents in Europe
Study Notes
CISI Learning Workbook and Examination Information
- Publication of content requires prior permission from the copyright owner
- Unauthorized use may result in civil claims for damages and criminal prosecution
- Laws mentioned in the workbook may not apply to Scotland
- Workbook contains the full syllabus and can be viewed on cisi.org or by contacting Customer Support Centre
- Examination is based on the syllabus and questions in the workbook aid in revision
- Hand-held calculators are not allowed in CISI exam venues
- Workbook version: 6.3 (October 2023)
- Changes in industry practice, economic conditions, legislation/regulations, and technology may prompt publication of an updated version
- CISI is the leading professional body for the investment sector
- CISI examinations are recognized by various governments and regulators globally
- Around 50,000 CISI examinations are taken each year
- CISI learning workbooks are revised annually and count towards Continuing Professional Development (CPD)
The Role of the Financial Services Sector in Economic Growth
- Popov and Roosenboom (2009) found that better access to private equity and venture capital positively impacts the number of patents in Europe.
- Developing countries are prioritizing the development of their financial services sector for economic growth.
- Research shows a positive link between financial system sophistication and economic growth, improving resource allocation.
- A functioning financial system is vital for credit provision, risk management, and creating a marketplace for finance and financial securities.
- Well-developed financial markets and institutions facilitate capital accumulation and production of goods and services.
- The financial services sector includes businesses providing financial services to governments, businesses, and individuals.
- Wholesale financial markets enable organizations to raise short-term finance and long-term capital for various purposes.
- Retail financial markets provide services directly to individuals and small businesses, including banking, lending, insurance, and wealth management.
- The wholesale financial sector includes international banking, equity markets, bond markets, foreign exchange, derivatives, fund management, insurance, and investment banking.
- The retail sector focuses on services for personal customers, including retail banking, insurance, pensions, investment services, and financial planning.
- Many large organizations span the entire spectrum of financial services, blurring traditional boundaries between products and providers.
- Today’s financial services marketplace offers a range of banks and savings institutions providing deposit, lending, and investment products.
The Role of Financial Services in Economic Growth Quiz: Test your knowledge on the impact of the financial services sector on economic development. Explore the functions of wholesale and retail financial markets, the link between financial system sophistication and economic growth, and the importance of access to private equity and venture capital.
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