Title: Quiz: Financial Services
Course: 2016FA-MCO-115-401 > Section: Module 17: Financial Services

Please read the questions and all possible answers carefully. Provide the best possible answer.

Q: Banks are the only institutions included in the Financial Services Sector.
- True
- False
A: False
If right: Correct.
If wrong: Incorrect. There are many types of institutions in the Financial Services Sector.

Q: The Financial Services Sector was formerly named the Banking and Finance Sector.
- True
- False
A: True
If right: Great! It was called the Banking and Finance Sector until 2013.
If wrong: No, it was called the Banking and Finance Sector until 2013.

Q: The financial sector has a long history of being prone to the threat of natural disaster.
- True
- False
A: False
If right: Very good.
If wrong: No, this is not true. The long history of the financial sector being prone to a threat, is that of insiders (human).

Q: The three main goals of the Financial Services Sector are:
- 1. To achieve the best possible position against many threats.
2. To address and manage risks caused by being dependent on: Information Technology, Energy, and Transportation Systems Sectors.
3. To work together (co-operation) with private sector, law enforcement, and regulatory agencies to address threats.
- 1. To identify all threats to the Financial Services Sector.
2. To mitigate all threats.
3. To prevent future new threats.
- 1. To protect the Financial Services Sector from physical threats.
2. To protect the Financial Services Sector from natural disaster.
3. To work together (co-operation) with private sector, law enforcement, and regulatory agencies to address threats.
- 1. To achieve the best possible position against many threats.
2. To protect the Financial Services Sector from natural disaster.
3. To look to the future and predict future threats.
A: 1. To achieve the best possible position against many threats.
2. To address and manage risks caused by being dependent on: Information Technology, Energy, and Transportation Systems Sectors.
3. To work together (co-operation) with private sector, law enforcement, and regulatory agencies to address threats.
If right: Great!
If wrong: No, that is not correct. The correct answer is: 1. To achieve the best possible position against many threats. 2. To address and manage risks caused by being dependent on: Information Technology, Energy, and Transportation Systems Sectors. 3. To work together (co-operation) with private sector, law enforcement, and regulatory agencies to address threats.

Q: What group was created after September 11, 2001 in an effort to examine the Financial Services Sector's resiliency?
- FBIIC
- FDIC
- FBI
- FBB
A: FBIIC
If right: That is correct.
If wrong: No, the correct answer is "FBIIC". FBIIC is the Financial and Banking Information Infrastructure Committee and they work on measuring and improving resiliency.

Q: Which sectors did this course mention are dependent on the Financial Services Sector.
- all sectors
- the Government Facilities and Commercial Facilities Sectors
- the Critical Manufacturing Sector
- no sectors depend on the Financial Services Sector
A: all sectors
If right: Very good, that is correct!
If wrong: Incorrect. All sectors are dependent on the Financial Services Sector.

Q: Without the services offered by th Financial Services Sector, Americans would likely not be able to pay one another with checks, deposit money in insured institutions, or invest money in the ways they can now.
- True
- False
A: True
If right: Great!
If wrong: This is incorrect. It is true that without the services offered by th Financial Services Sector, Americans would likely not be able to pay one another with checks, deposit money in insured institutions, or invest money in the ways they can now.