#1
Which ethical principle involves treating all stakeholders fairly and impartially?
Integrity
Fairness
Loyalty
Confidentiality
#2
In financial transactions, what does the acronym KYC stand for?
Know Your Counterparty
Keep Your Currency
Know Your Customer
Key Yield Calculation
#3
In ethical financial transactions, what does the acronym AML stand for?
Anti-Market Leverage
Asset Management and Liability
Anti-Money Laundering
Asset Monitoring and Liquidity
#4
In ethical financial transactions, what does the acronym SEC stand for?
Secured Economic Contracts
Security and Exchange Commission
Strategic Equity Consultation
Systematic Enforcement of Contracts
#5
Which of the following is a key principle of ethics in financial transactions?
Profit maximization at any cost
Transparency and honesty
Exploiting legal loopholes
Market manipulation
#6
What is the role of due diligence in ethical financial transactions?
To maximize profits
To avoid taxes
To assess and mitigate risks
To manipulate market trends
#7
What is the concept of 'fiduciary duty' in financial transactions?
Maximizing personal gains
Acting in the best interest of clients
Exploiting market trends
Avoiding taxes
#8
Which ethical consideration involves providing accurate and timely financial information to stakeholders?
Transparency
Confidentiality
Integrity
Fairness
#9
What is the primary purpose of a whistleblower in the context of financial ethics?
Maximizing personal gains
Reporting unethical behavior
Market manipulation
Avoiding taxes
#10
What is the term for the practice of using privileged information for personal gain in financial transactions?
Insider trading
Risk management
Whistleblowing
Diversification
#11
What does the term 'front-running' refer to in financial transactions?
Executing trades based on non-public information
Ethical investing
Ensuring fair market competition
Leveraging financial derivatives
#12
What is the ethical significance of 'churning' in financial transactions?
Promoting long-term investments
Excessive trading to generate commissions
Ensuring fair market competition
Implementing diversification strategies
#13
What does the term 'Ponzi scheme' represent in financial transactions?
Legal investment strategy
Pyramid-shaped investment portfolio
Fraudulent investment scam
Government-regulated financial plan
#14
What is the primary purpose of the 'Sarbanes-Oxley Act' in the context of financial ethics?
Promoting insider trading
Enhancing corporate governance and accountability
Encouraging market manipulation
Minimizing transparency