Lesson 4

Question 1

is a term for banks that offer a variety of comprehensive financial services, including both commercial banking and investment banking services.

Answer 1

UNIVERSAL BANK

Question 2

Example of Universal banks:

Answer 2

• BDO unibank
• Producers Bank
• HSBC
• Security Bank

Question 3

Offers a wide array of financial services, including those provided by commercial banks, as well as investment banking, insurance, asset management, and more.

UNIVERSAL BANK

Answer 3

Services

Question 4

Serves a broader range of clients, including individuals, businesses, and large corporations.

UNIVERSAL BANK

Answer 4

Target Customers

Question 5

More complex due to the integration of multiple financial services under one roof.

UNIVERSAL BANK

Answer 5

Complexity

Question 6

Higher risk because of the diverse range of services and the potential for greater exposure to different financial markets

UNIVERSAL BANK

Answer 6

Risk Profile

Question 7

The term ——— refers to a financial institution that** accepts deposits **and offers different banking and financial products.

Answer 7

COMMERCIAL BANK

Question 8

provide these services to** people and businesses.**

Answer 8

COMMERCIAL BANK

Question 9

make money by providing and earning interest from loans such as mortgages, auto loans, business loans, and personal loans.

Answer 9

COMMERCIAL BANK

Question 10

Customer deposits provide banks with the ———- to make these loans.

Answer 10

capital

Question 11

Example of Commercial Banks:

Answer 11

• BPI
• CITIBANK
• ROBINSON BANK
• CHASE BANK

Question 12

Primarily focuses on traditional banking services such as accepting deposits, providing loans (personal, business, and mortgages), and offering basic financial products like savings and checking accounts.

(COMMERCIAL BANK)

Answer 12

Services
(COMMERCIAL BANK)

Question 13

Mainly serves individuals and businesses with their everyday banking needs.

(COMMERCIAL BANK)

Answer 13

Target Customers
(COMMERCIAL BANK)

Question 14

Generally simpler and more focused on core banking activities.

(COMMERCIAL BANK)

Answer 14

Complexity
(COMMERCIAL BANK)

Question 15

Lower risk due to the limited scope of services.

(COMMERCIAL BANK)

Answer 15

Risk Profile
(COMMERCIAL BANK)

Question 16

also just called a thrift—is a type of financial institution that specializes in** offering savings accounts** and** originating home mortgages for consumers.**

Answer 16

THRIFT BANK

Question 17

also called a** Savings and Loan Association** (S&L)—is a type of financial institution that specializes in offering savings accounts and originating home mortgages for consumers.

Answer 17

THRIFT BANK

Question 18

What Are Some Types of Thrift Banks:

Answer 18

• savings banks
• private development banks
• stock savings and loan associations.

Question 19

What Is the Difference Between Thrift Banks and Commercial Banks?

Answer 19

operate similarly to traditional banks, but they are **designed to serve consumers rather than businesses. **

commercial banks also offer financial services to businesses.

Question 20

are financial institutions primarily funded by consumer deposits.

Answer 20

Thrift banks

Question 21

AN ACT** PROVIDING FOR THE REGULATION** OF THE ORGANIZATION AND OPERATIONS OF THRIFT BANKS, AND FOR OTHER PURPOSES.

Answer 21

REPUBLIC ACT NO. 7906

Question 22

is a private banking institution that **serves rural areas ** that mobilizes financial resources and manages and provides loans to people who want to have a business but struggle in the capital, especially in the Rural Area.

Answer 22

RURAL BANKS

Question 23

from the highly-dense metropolitan cities in a country.

Answer 23

RURAL BANKS

Question 24

Definition are traditional banks that serve farmers, fishermen, workers or communities away from the highly-dense metropolitan cities in a country.

Answer 24

RURAL BANK

Question 25

as of end-December 2018, how many rural banks and offices?

Answer 25

472 rural banks and 3,600 offices

Question 26

happened to **promote **the development of Rural Banking because of World War II's impact. Under the Central Bank's supervision, | HISTORY OF RURAL BANKING IN THE PHILIPPINES

Answer 26

In June 1952, the enactment of Republic Act 720

Question 27

The enactment of Republic Act 720 in 1952 helped lay the groundwork for?

Answer 27

R.A. 7353 = AN ACT PROVIDING FOR THE CREATION, ORGANIZATION AND OPERATION OF RURAL BANKS, AND FOR OTHER PURPOSES

Question 28

the** law protects **the people in the rural area to regard the need for more fair distribution of opportunity, money, and wealth. Also, to make loans accessible in rural areas, farmers and small enterprises with little financial need prioritize loan approval.

Answer 28

January 22,the Rural Banks Act of 1992

Question 29

he Rural Bank aims to promote and expand the Rural Economy in the Rural Communities, especially the places that are hard to reach the Urban Area to do some financial services. | OBJECTIVE OF THE RURAL BANK

Answer 29

Promote the Rural Economy

Question 30

he bank also helps to expand the agricultural sector in the Rural Areas to aid them in credit to start capital for their agriculture business. I

Answer 30

Provide credit and Monetary aid