NZ CFS L5 Investment Practice Questions - NZ Certificate In Financial Services (Level 5) - Investment Strand Exam

What is the primary purpose of the Financial Markets Conduct Act 2013 (FMCA) in New Zealand?

To establish a government-run investment fund for low-income citizens To promote the confident and informed participation of businesses and investors in financial markets To guarantee retail investors against capital losses in the stock market To set interest rate caps for mortgage and personal lending by registered banks

Correct Answer:

To promote the confident and informed participation of businesses and investors in financial markets

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