Introduction to the Philippine Financial System

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What is the name of the central bank of the Philippines?

Bangko Sentral ng Pilipinas (correct)

Philippine Al-Amanah Islamic Investment Bank

Development Bank of the Philippines

Land Bank of the Philippines

What type of banks are classified as Thrift Banks?

Commercial Banks

Expanded Commercial Banks/Universal Banks

Rural Banks

Savings and Mortgage Banks, Private Development Banks, and Stock Savings and Loan Associations (correct)

Which of the following is a government banking institution?

Expanded Commercial Banks/Universal Banks

Savings and Mortgage Banks

Investment houses

Land Bank of the Philippines (correct)

What is the primary function of the financial system in a country?

To move funds from those who have a surplus to those who have a shortage of funds Signup and view all the answers

Which of the following is a non-bank financial institution?

Investment houses Signup and view all the answers

What is the consequence of a breakdown in the financial system?

Severe economic hardship Signup and view all the answers

What is the primary function of a Universal Bank or Expanded Commercial Bank?

To perform investment house functions in addition to commercial banking Signup and view all the answers

Which type of bank is confined to commercial bank functions only?

Commercial Bank or Domestic Bank Signup and view all the answers

What type of institution is the Government Service Insurance System (GSIS)?

Non-bank Financial Institution Signup and view all the answers

What is the primary function of a Thrift Bank?

To accumulate savings and invest them in various securities Signup and view all the answers

What is a Stock Savings and Mortgage Bank (SSMB)?

A corporation that accumulates savings and invests them in readily marketable bonds Signup and view all the answers

What is the purpose of the Monetary Board in relation to banking institutions?

To promulgate rules for banking institutions Signup and view all the answers

Introduction to the Philippine Financial System

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Questions and Answers

What is the name of the central bank of the Philippines?

What type of banks are classified as Thrift Banks?

Which of the following is a government banking institution?

What is the primary function of the financial system in a country?

Which of the following is a non-bank financial institution?

What is the consequence of a breakdown in the financial system?

What is the primary function of a Universal Bank or Expanded Commercial Bank?

Which type of bank is confined to commercial bank functions only?

What type of institution is the Government Service Insurance System (GSIS)?

What is the primary function of a Thrift Bank?

What is a Stock Savings and Mortgage Bank (SSMB)?

What is the purpose of the Monetary Board in relation to banking institutions?

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