Money and Banking 2

Question 1

the ability of a customer to obtain goods and services before payment

Answer 1

credit

Question 2

availability of liquid assets to a market or company

Answer 2

liquidity

Question 3

a system of money in general use in particular country

Answer 3

currency

Question 4

a company engaged in the business of dealing with financial and monetary transactions such as deposits, loans, investment and currency exchange

Answer 4

financial institution

Question 5

the BSP was created by the _____

Answer 5

republic act of 7653 or new central bank act of the philippines

Question 6

if the philippine’s central monetary authority that provides policy directions in the areas of money, banking and credit.

Answer 6

Bangko Sentral ng Pilipinas

Question 7

the bsp’s powers and functions are exercised by its

Answer 7

monetary board consisting of seven members and appointed by the president of the philippines

Question 8

the chief executive officer of the bangko sentral and its required to supervise and direct the operations and interval administrations of BSP.

Answer 8

governor

Question 9

BSP primary goal and objective

Answer 9

to maintain stability of prices which are useful to a sustainable and balance growth in the economy.

Question 10

7 responsibilities of BSP

Answer 10

liquidity management, currency issue, lender of last resort, financial supervision, management of foreign currency reserves, determination of exchange rate policy, and other activities.

Question 11

it is the responsibility of the bsp to creates and exercises monetary policy which aims to influence money supply consistent.

Answer 11

liquidity management

Question 12

responsibility of bsp. Has the exclusive power to issue the currency to the nation.

Answer 12

currency issue

Question 13

responsibility of bsp. provides discounts, loans and advances to banking institutions for purposes of liquidity.

Answer 13

lender of last resort

Question 14

responsibility of bsp. tasked to supervise banks and exercise regulatory powers over non bank institutions performing quasi banking functions

Answer 14

financial supervision

Question 15

responsibility of bsp. to keep an adequate international reserves to satisfy any predictable needs and demands for foreign currency

Answer 15

management of foreign currency reserves

Question 16

responsibility of bsp. regulates the exchange rate policies of the philippines.

Answer 16

determination of exchange rate policy

Question 17

functions as the banker, financial advisor and etc.

Answer 17

other activities

Question 18

the cabinet, governor and different individuals from the monetary board serves terms of

Answer 18

6 years

Question 19

monetary board members are meeting

Answer 19

weekly

Question 20

the banking institution can be categorized as

Answer 20

private and government banking

Question 21

private banking institutions comprised of

Answer 21

commercial and thrift banks

Question 22

the government banking institution consists of

Answer 22

philippine national bank, development bank of the philippines, land bank of the philippines and philippines al amanah bank

Question 23

ordinary or non-expanded commercial banks. examples of bdo unibank, metropolitan bank, bpi and etc.

Answer 23

commercial banking institutions

Question 24

primarily involved in the mobilization of the small savings of savers and the people. they provide funds for agriculture and industry.

Answer 24

the thrift bank

Question 25

the following banks that fall under the thrift bank:

Answer 25

the savings and mortgages bank, the saving and loan association, the private development banks and the rural banks.

Question 26

to receive time deposit of different types and to invest its funds in long term investment.

Answer 26

the savings and mortgages bank

Question 27

very similar to the savings and mortgages banks. however such entities may either be classified as corporation that non-stock or stock.

Answer 27

the savings and loan association

Question 28

it is a government institution, formerly known as the rehabilitation finance corporation

Answer 28

the private development bank

Question 29

fulfill the investment function by allowing small farmers to finance their needs through granting of loans for capital and other users.

Answer 29

the rural banks

Question 30

operates under the provision of the executive order no. 80, the 1996 revised charter of PNB

Answer 30

Philippine national bank

Question 31

started operating in 1935 as national loan and investment board. to coordination and manage trusts funds was its first mission.

Answer 31

development bank of the philippines

Question 32

it was the agrarian reforms code that made the land bank of the philippines to finance the procurement and conveyance of agricultural estates for division and resell these to little landholders.

Answer 32

land bank of the philippines

Question 33

made under the republic act no.6848 to promote the social and the financial development mindanao.

Answer 33

al amanah islamic investment bank of the philippines

Question 34

they offer types of assistance and services identified with claims, financial and budgetary data and etc.

Answer 34

non-bank financial institutions

Question 35

the private non bank institutions

Answer 35

investment house/banks, securities brokers/dealers, building and loan association, credit unions, private insurance, pawnshop, trust companies, non-stock savings and loans associations, financing companies, other non bank financial institutions.

Question 36

mean as any enterprise which takes part in the underwriting of securities of different organization

Answer 36

investment house/banks

Question 37

in accordance with the arrangement of the revised securities act, no broker or vendor or sales chuchu

Answer 37

securities brokers/dealers

Question 38

gets investment funds from member and loans funds to them

Answer 38

building and loan association

Question 39

type of saving institution. has its purpose of inculcation of the habit of thrift, frugality, and the idea of helping one another

Answer 39

credit unions

Question 40

add to the nation's financial improvement just as to protected or insured individuals

Answer 40

private insurance

Question 41

provide credit to small borrowers who are not qualified to obtain small loans from financial institutions.

Answer 41

pawnshops

Question 42

purpose of providing credit facilities to consumers and to industrial, commercial, or agricultural enterprises.

Answer 42

financing companies

Question 43

financial institutions that are not too known to many people. Fund managers, lending investor, and venue capital corporations and etc.

Answer 43

other non bank financial institutions

Question 44

the government non financial institutions

Answer 44

government service insurance system, social security system, philippine export and foreign loan guarantee corporation and national home mortgage finance corporation

Question 45

started its operation on may 13, 1937. Life insurance funds, retirement funds, health insurance fund and etc

Answer 45

government service insurance system

Question 46

started its operation on september 1, 1957. death, disability, sickness, and mature age benefits and etc.

Answer 46

social security system

Question 47

to guarantee affirmed foreign loans, in entire or to a limited extent, given to any local institution, enterprise and etc

Answer 47

philippine export and foreign loan guarantee corporation

Question 48

purpose is to develop and provide a secondary market for home mortgages granted by public and or private home financing institutions.

Answer 48

national home mortgage finance corporation