week 4 part 2

Question 1

is the act or process of assessing and assuming financial risk

Answer 1

Underwriting

Question 2

is defined as “any enterprise” which engages in the underwriting of securities of other corporations.

Answer 2

. Investment House / Banks

Question 3

underwriters evaluate risk exposure and set premiums.

Answer 3

Insurance

Question 4

underwriters analyze loan applications and determine risk.

Answer 4

Lending

Question 5

underwriting helps price investment risk.

Answer 5

securities markets

Question 6

Pursuant to the provision of the Revised Securities Act, no broker, dealer, or salesman must engage in business in the Philippines or salesman or sell any securities, exempted under the said law.

Answer 6

Securities Brokers / dealers

Question 7

A its very nature, however, it falls under this category since it also receives savings from members and lends fund to them

Answer 7

Building and Loan Associations

Question 8

is another type of savings’ institutions. It also has for its purpose the inculcation of the habit of thrift, frugality, and the idea of helping one another.

Answer 8

Credit Unions

Question 9

companies contribute to the contry’s socio-economic development as well as to the insured.

Answer 9

. Private Insurance

Question 10

provides credit to small borrowers who are not qualified to obtain small loans from financial institution. the cost of borrowing and terms of payment are generally fair.

Answer 10

The Pawnshop

Question 11

is any corporation formed or organized for the purpose of acting as trustee or administering any trust or holding property or on deposit for the use. Benefit, or behoof of others.

Answer 11

Trust Companies

Question 12

loans associations is a corporation engaged in the business of accumulating the savings of its member.

Answer 12

Non-Stock Savings and Loans Association

Question 13

or partnership except those regulated by the Bangko Sentral, the Insurance Commisioner, and the Cooperative Administration Office which are primarily organized for the purpose of extending credit facilities to consumer and to industrial, commercial, or agricultural enterprises.

Answer 13

Financing Companies

Question 14

These are financial institution that are unknown to many people. Fund managers, lending investor, and venture capital corporations are among these institution.

Answer 14

Other Non-Bank Financial Institutions

Question 15

On May 13 May 1937, thew Government Service Insurance System (GSIS) started its operation. Presently, the GSIS administers the following: Life Insurance Fund, Retirement Fund, Health Insurance Fund/Medicine, State Insurance Fund/Employees’ Compensation, General Insurance Fund/Property Insurance, and Barangay Officials’ Life Insurance.

Answer 15

The Government Service Insurance System

Question 16

On 1 September 1957, the Social Security System (SSS) started its operation. At first SSS granted only death, disability, sickness, and old-age benefits under its social security program for the workers/employees in the private sectors.On May 13 May 1937, thew Government Service Insurance System (GSIS) started its operation. Presently, the GSIS administers the following: Life Insurance Fund, Retirement Fund, Health Insurance Fund/Medicine, State Insurance Fund/Employees’ Compensation, General Insurance Fund/Property Insurance, and Barangay Officials’ Life Insurance.

Answer 16

The Social Security System.