02 Flashcards
(104 cards)
1
Q
in 2000 bc, early banking practices started in
A
babylon
2
Q
what kind of transactions engaged evidence by tablets of clay
A
credit transactions
3
Q
credit transactions engaged evidence by tablets of what
A
clay
4
Q
credit transactions engaged evidence by tablets of clay, what year
A
2000 bc
5
Q
temples
A
4th century bc
6
Q
4th century bc
A
- temples
- private bodies and public firms deal in deposits and lending of funds
7
Q
private bodies and public firms deal in deposits and lending of funds
A
4th century bc
8
Q
Transactions were registered by public notaries
A
2nd century ad
9
Q
2nd century ad
A
Transactions were registered by public notaries
10
Q
8th century
A
bank drafts and checks were in wide use in Assyria.
11
Q
in 5th century, what kind of drafts and checks were in wide use in assyria
A
bank drafts and checks
12
Q
in 5th century, where were bank drafts and checks in wide use
A
Assyria
13
Q
16th century
A
- ruled by Fugger Family
- John’s Laws financial system almost spelled ruin to France
14
Q
who is the german family that ruled 16th century
A
Fugger Family
15
Q
what financial system almost spelled ruin to France
A
John’s Laws financial system
16
Q
first financial institution that was organized flourishing galleon trade between the Philippines and Mexico
A
Obras Pias
17
Q
capital came from pious catholics and funds were loaned out interest
A
Obras Pias
18
Q
charity foundation by laymen used for charity works and religious activities
A
Obras Pias
19
Q
it became a banking institution run by the friars
A
Obras Pias
20
Q
one of the first banks to emerge in the 19th century
A
Rodriguez Bank
21
Q
first established commercial bank performing general banking functions and partfly financed foreign trade
A
Bangko Espanol - Filipino (1828)
22
Q
on ___, Bangko Espanol - Filipino was given privilege note of issue
A
October 17, 1854
23
Q
On October 17, 1854, Bangko Espanol - Filipino was given a what?
A
privilege note of issue
24
Q
what is the current name of Bangko Espanol - Filipino
A
bank of the philippine islands (banco delas Islas Filipinas)
25
the opening led to accessibility of European Markets
Suez Canal (1869)
26
establishses branched in the country
chartered bank of india, australia, and china
27
a savings bank during the spanish era, established in 1882
Monte de Pieded (1882)
28
this bank put up a branch in the philippines in 1853
banco peninsula ultramarino in madrid
29
during what era did banks continue to do business and soon was joined by branches of Internaiton Banking Corporation and the Guranty Trust Company
american era
30
During what era did Postal Savings Bank was also created as parcel to the bereau of post
American era
31
during american era, banks continue to do business and soon was joined by?
1. International Banking Corporation
2. Guaranty Trust Company
32
during american era, what bank was created as parcel to the bureau of post
Postal Savings Bank
33
during american era, Postal Savings Bank was also created as what?
as parcel to the bureau of post
34
enumerate the banks established after world war I
1. Yokohama Specie Bank (1919)
2. China Banking Corporation (1920)
3. Peoples Bank and Trust Company
4. Mercantile Bank of China (1926)
35
upon the establishment of Commonwealth, ___ opened in 1973
Netherlands Indische Handels bank
36
what year did the Netherlands INdische Handels bank opened?
1973
37
after upon the establishment of ___ did the Netherlands Indische Handels bank opened?
Comonwealth
38
The Philippine bank of Commerce was the first?
first private bank with genuine Filipino capital
39
what year did the Philippine bank of Commerce was established?
1938
40
the first private bank with genuine Filipino capital
The Philippine bank of Commerce
41
in 1939, what are the three banks that commenced commercial banking operations
1. Bank of the Commonwealth
2. Philippine Bank of Communications
3. government owned Agricultural - Industrial bank
42
what year did the Bank of Commonwealth, Philippine Bank of Communications, and the government owned Agricultural - Indutstrial bank commenced commercial banking operations
1939
43
during the japanese occupation, what did the japanese gave filipinos the permission to?
Filipino and japanese-owned banks were given permission to operate
44
what bank opened a branch in manila in 1942 which acted as a fiscal agent of the japanese government in the philippines?
Southern Development Bank
45
what year did Southern Development Bank opened its branch in Manila?
1942
46
what bank acted as a fiscal agent of the japanese government in the philippines?
Southern Development Bank
47
What is the purpose of Southern Development Bank for opening its branch in Manila?
to act as a fiscal agent of the Japanese government in the Philippines
48
during the postwar era, what was established?
1. Executive Order 96
2. Executive Order 48
3. Rehabilitation Finance Corporation
49
what is the Executive Order 96 of the postwar era
all japanese occupation deposits were invalidated by Presidential Directive
50
what is the Executive Order 48 of the postwar era
paved the way for the re-opening of the pre-war banks
51
what is the Rehabilitation Finance Corporation
1. it was created by virtue of Republic Act 85
2. absorbed the assets and took over the functions of the AIB (Agriculture and Industrial Bank)
3. The RFC provided credit facilities for the development of agriculture, commerce and industry and the reconstruction of properties damaged by the war.
52
all japanese occupation deposits were invalidated by Presidential Directive
Executive Order 96
53
paved the way for the re-opening of the pre-war banks
Executive Order 48
54
it was created by virtue of Republic Act 85
Rehabilitation Finance Corporation
55
what is the Republic Act No. 7653
New Central Bank Act of 1993
56
what is the New Central Bank Act of 1993 also known as?
Republic Act No. 7653
57
It governs Philippine Banking today.
Republic Act No. 7653 or the “New Central Bank Act of 1993"
58
It provides for the establishment of an independent monetary authority to be known as Bangko Sentral ng Pilipinas (BSP).
Republic Act No. 7653 or the “New Central Bank Act of 1993"
59
The business of banking has changed irreversibly. Developments in technology have more contributions in these irreversible changes in the banking system.
Republic Act No. 7653 or the “New Central Bank Act of 1993"
60
Technology has brought us E-Banking, the provision of banking services. The devise used to provide e-banking services are called E-money which can be divided into three groups.
Republic Act No. 7653 or the “New Central Bank Act of 1993"
61
these allow people to withdraw or deposit cash, transfer funds and pay bills from their bank accounts without physically going to the banks or writing a check.
access devices
62
these are prepaid cards in which funds are stored in electronic form on a computer chip embedded in cards.
Card-based products
63
involve funds that are stored in electronic form and are transferred over communication networks among participants in network
Prepaid software products or network money
64
Republic Act No. 8791 also known as
“General Banking Law of 2000”
65
what is General Banking Law of 2000 also known as?
Republic Act No. 8791
66
It provides regulation of the organization and operation of banks, quasi-banks, and trust entities
Republic Act No. 8791 or “General Banking Law of 2000”
67
Under Sec.3 of New General Banking Law in the Philippines: Banks shall refer to entities engaged in the lending of funds obtained in the form of deposits.
Republic Act No. 8791 or “General Banking Law of 2000”
68
Institutionalized a certain mass of banking reforms in the Philippines.
Republic Act No. 8791 or “General Banking Law of 2000”
69
Republic Act No. 8791 or “General Banking Law of 2000”
1. It provides regulation of the organization and operation of banks, quasi-banks, and trust entities
2. Institutionalized a certain mass of banking reforms in the Philippines.
3. Under Sec.3 of New General Banking Law in the Philippines: Banks shall refer to entities engaged in the lending of funds obtained in the form of deposits.
70
Republic Act No. 9160 other name
“Anti-Money Laundering Act of 2001”
71
“Anti-Money Laundering Act of 2001” other term
Republic Act No. 9160
72
was passed into law on September 29,2001.
Republic Act No. 9160 or “Anti-Money Laundering Act of 2001”
73
Bank Mergers and consolidations are distinguished as follows:
1. Merger - absorption of one or more corporations by another existing corporations.
2. Consolidation - union of two or more corporations into a single new corporation.
74
absorption of one or more corporations by another existing corporations.
merger
75
union of two or more corporations into a single new corporation.
consolidation
76
what do you call a system wherein a certain amount deposited will support several times as much as in credit.
Partial Reserve System
77
A greater portion of deposits in commercial banks arises out of the proceeds of loans
Principle of banking business
78
certain amount deposited will support several times as much as in credit.
Principle of banking business
79
types of banks as to ownership
1. privately owned
2. publicly owned
80
types of banks as a place of incorporation
1. domestic
2. foreign
81
types of banks as to structure
1. stock corporation
2. non-stock corporation
3. commercial bank
4. trust company
82
types of banks as to function
1. savings bank
2. rural bank
3. development bank
4. cooperative bank
5. Investment bank
6. Central bank
83
types of bank as to management
1. unit bank
2. group banking
3. branch banking
4. chain banking
84
economic significance of bank
1. a bank facilitates dealings between debtors and creditors because it acts as an intermediary in the flow of credit funds
2. it allows others the use of idle funds of the community in productive activities
3. creates money out of proceeds of loans
4. maintains foreign trade
85
why the state supervises banks
1. the banks are entrusted with other people's money. Mismanagement or malfeasance in the duries of the board of directors will result to banking failure
2. the state wants to assure that banks will perform their functions in the best interest of their clients throught the honest and efficient conduct of their functions
3. the banks may either abuse their power or use them prudentyly
4. the banks, furthermore, are quasi-public corporations and as in all other corporations of this calling, the state must exert its restraining influence to safeguard the welfare of its constituents
86
the sate does not only supervise banks, but with the advent of central banking, it also?
it also controls the bank's operations
87
organized and capitalized by private citizens for their profit.
privately owned bank
88
organized by the state and sometimes has a minimum private ownership.
publicly owned bank
89
incorporated under Philippine Laws. Majority of the stocks are owned by Filipinos.
domestic bank
90
incorporated under laws of other country although the bank might be doing business in the Philippines
foreign bank
91
when they sell shares of stocks to the general public to raise capital.
Stock corporation
92
the organization is on a membership basis. Such as savings and loans associations.
Non-stock Corporations
93
is one that receives demand deposits and gives out short-term loans.
Commercial bank
94
an institution which deals in fiduciary activities such as administrator of estates , guardians of minor’s interest, executor of last wills and testaments, registrar and transfer agent of stocks and bonds and similar activities.
Trust company
95
one which primarily receives for safekeeping funds from persons who have no immediate need for cash and invests these finds in long-term investment.
Savings Bank
96
organized primarily to cater the needs of small farmers, small business, small cottage industries, and cooperative associations. They also receive deposits and loan out funds.
Rural Bank
97
takes care of giving loans to be used for developing the economy and may therefore
engage in medium and long-term lending.The organization of private development banks shall be,
under the control and supervision of the Development Bank of the Philippines (formerly Rehabilitation Finance
Corporation).
Development Bank
98
organized to furnish the credit needs of duly registered and operating cooperative associations of different kinds.
Cooperative bank
99
one which assist government bodies and newly organized corporations to raise funds for capital through the sale of stocks and bonds.
Investment Bank
100
is a bank of banks, as it does not deal directly with the public.
Central Bank
101
one where ownership is concentrated on one corporation which does banking business independent of others.
Unit Bank
102
When a majority portion of stocks of two more banks are held by a holding company, this is considered as ?
Group Banking
103
is one where there is a head office and two or more branches.
Branch Banking
104
When one or more persons control the activities of banks, it’s known as ?
Chain Banking
