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Question 1

refer to institutions that are organized by private individuals or groups for the purpose of providing services to the members of society.

Answer 1

Non-state institutions

Question 2

These institutions are not controlled by the government but are regulated through laws and statutes of the state.

Answer 2

Non-state institutions

Question 3

the ones providing the needs of the people that the government cannot provide

Answer 3

non-state institutions

Question 4

have the primary role of promoting labor welfare and good industrial relations.

Answer 4

trade unions and cooperatives

Question 5

are organizations comprising workers and laborers with common goals, purposes, and interests.

Answer 5

trade unions and cooperatives

Question 6

They mostly concern employment relations, decency, and welfare

Answer 6

trade unions and cooperatives

Question 7

are organizations that serve as bridges or intermediaries facilitating money flow in various transactions.

Answer 7

financial institutions

Question 8

serve as links between the source of funds, the depositor, the fund user, and the borrower.

Answer 8

financial institutions

Question 9

receive savings and deposits from their clients.

Answer 9

banks

Question 10

These may be loaned out to borrowers.

Answer 10

banks

Question 11

In what period and place did the bank started?

Answer 11

Renaissance period, Italy

Question 12

old italian term for bank and its meaning

Answer 12

banca, table or bench

Question 13

It provide a safe-keeping place for money and valuables of individuals. They also perform a role in settling payments and credit intermediation.

Answer 13

bank

Question 15

This is the bank of all the banks in the Philippines.

Answer 15

Bangko Sentral ng Pilipinas

Question 16

It is the bank responsible for the regulation, creation, and management of monetary supply in the country.

Answer 16

The Bangko Sentral ng Pilipinas

Question 17

3 types of blanks

Answer 17

Commercial banks
Thrift
Rural

Question 18

This accept savings deposits, check deposits, and time deposits.

Answer 18

Commercial

Question 19

Bank of the Philippine Islands and Metrobank. What type of bank?

Answer 19

Commercial banks

Question 20

are categorized into stock savings and loan associations, savings and mortgage banks, and private development banks.

Answer 20

Thrift banks

Question 21

They consolidate the savings deposits of their members into a fund from which their members can draw loans with interest.

Answer 21

Thrift banks

Question 22

They also accept deposits from the public and provide loans for small- and medium-scale enterprises.

Answer 22

Thrift banks

Question 23

cater primarily to farmers and small business people, mostly in rural areas.

Answer 23

rural banks

Question 24

is an organization of people legally bound by a charter to conduct some type of business

Answer 24

corporation

Question 25

are written applications to the government requesting to form a corporation

Answer 25

articles pf incorporation

Question 26

It has a legal entity separate from its owners and the type of business that it wants to venture into depends on its articles of incorporation.

Answer 26

corporation

Question 28

This will give the name, address, and type of business for the corporation; the names of the officers, and the initial amount of money being put into the business.

Answer 28

articles of incorporation

Question 29

voluntary organization of people who have agreed to pool their resources together to undertake an economic enterprise to meet their everyday needs.

Answer 29

cooperative

Question 30

something that they democratically manage, controls, and shares the economic benefits through participation and patronage (Cooperative Development Authority, CDA).

Answer 30

cooperative

Question 31

voluntary associations of employees, employers, or independent workers to protect their interests and become an instrument of defense against exploitation and maltreatment.

Answer 31

trade unions and labor unions

Question 32

Promotes thriftiness among its affiliates, and creates funds to grant loans for a productive endeavor of members

Answer 32

credit cooperative

Question 33

Procures and distributes commodities to members and non-members

Answer 33

consumer cooperative

Question 34

Undertakes joint agricultural or industrial production

Answer 34

producer cooperative

Question 35

Participates in the supply of production inputs to constituents, and markets their products

Answer 35

marketing cooperative

Question 36

Engages in medical and dental care, hospitalization, transportation, insurance, housing, labor, electric lights and power, communication, and other services

Answer 36

service cooperative