FNS40815_ FNSINC402 Assessment 3 V1.0 REAA Released January 2019 Page 1 of 9
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
Assessment 3
Activity 1
Explain the role of an intermediary in the Australian financial services market. Provide illustrative examples.
Activity 2
Explain some of the differences between private banking and wealth management.
Activity 2 Answer
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V1.0 REAA Released January 2019 Page 4 of 9
Activity 3
What types of risk assessment should a Financial Service Provider (FSP) perform on a client who is seeking to obtain a new credit card?
Activity 4
Identify and explain some examples of a client’s personal circumstances that may assist a FSP to assess the suitability of the client for a product or service.
Activity 5
What are PCI compliance ‘levels’ and how are they determined?
How are personal credit scores calculated?
Activity 7
Why should consumers approach 0% credit card balance transfer offers cautiously?
Activity 7 Answer
