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Questions and Answers
What is the policy declared by the State regarding financing and leasing companies?
What is the policy declared by the State regarding financing and leasing companies?
- To regulate and promote their activities (correct)
- To ignore their role in providing credit
- To eliminate all financing and leasing companies
- To encourage prejudicial acts and practices
What is the name of the Act that amends Republic Act No. 5980?
What is the name of the Act that amends Republic Act No. 5980?
- Republic Act No. 1998
- Republic Act No. 8556 (correct)
- Republic Act No. 8556-5980
- Republic Act No. 5980
What is the critical role of financing and leasing companies according to the Act?
What is the critical role of financing and leasing companies according to the Act?
- Providing credit only for large enterprises
- Providing medium and long-term credit for investments (correct)
- Providing credit for personal use
- Providing short-term credit for investments
What is the goal of regulating financing and leasing companies according to the Act?
What is the goal of regulating financing and leasing companies according to the Act?
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Who particularly benefits from the credit provided by financing and leasing companies according to the Act?
Who particularly benefits from the credit provided by financing and leasing companies according to the Act?
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