Podcast
Questions and Answers
Which group is generally described as receiving income, majority of which typically come from wages and salaries?
Which group is generally described as receiving income, majority of which typically come from wages and salaries?
Which institution manages a state’s currency, money supply and interest rate?
Which institution manages a state’s currency, money supply and interest rate?
Which participants can also be the lenders and borrowers themselves?
Which participants can also be the lenders and borrowers themselves?
Which group comprises the national, provincial, city and towns of a country?
Which group comprises the national, provincial, city and towns of a country?
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Which participants refer to the participants from the rest of the world such as households, government, financial and non-financial institutions and central bank?
Which participants refer to the participants from the rest of the world such as households, government, financial and non-financial institutions and central bank?
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What is a financial claim?
What is a financial claim?
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What does 'equities' represent in the financial system?
What does 'equities' represent in the financial system?
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Where do the assets of financial institutions mostly come from?
Where do the assets of financial institutions mostly come from?
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What do financial markets facilitate?
What do financial markets facilitate?
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Who handles laws on monetary policies in the Philippines?
Who handles laws on monetary policies in the Philippines?
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Study Notes
Economic Participants
- Households are generally described as receiving income, majority of which typically come from wages and salaries.
- Households can also be lenders and borrowers themselves.
Financial Institutions
- Financial institutions manage assets that mostly come from deposits and borrowing from other financial institutions.
- Assets of financial institutions primarily comprise of loans and investments.
Central Banks
- The central bank manages a state’s currency, money supply, and interest rate.
Government
- The government comprises the national, provincial, city, and towns of a country.
Rest of the World
- The rest of the world refers to participants from other countries, including households, government, financial and non-financial institutions, and central banks.
Financial Concepts
- A financial claim is a claim on the wealth of another unit.
- Equities represent ownership shares in companies and provide a claim on a part of the company’s assets and profits.
- Financial markets facilitate the buying and selling of financial claims, allowing households and firms to make investments and manage risk.
Monetary Policy
- The Bangko Sentral ng Pilipinas (BSP) handles laws on monetary policies in the Philippines.
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Description
Test your knowledge about the participants of financial systems and markets, including households, financial institutions, and non-financial institutions. Understand the roles of different entities in the financial ecosystem.
