Podcast
Questions and Answers
What type of financial institution acts as a fiduciary agent or trustee on behalf of individuals or corporate entities?
What type of financial institution acts as a fiduciary agent or trustee on behalf of individuals or corporate entities?
- Savings and Loan Association
- Islamic Bank
- Credit Union
- Trust Company (correct)
Which financial institution is mainly controlled and operated by its members for extending credit, offering competitive interest rates, and promoting thrift?
Which financial institution is mainly controlled and operated by its members for extending credit, offering competitive interest rates, and promoting thrift?
- Savings and Loan Association
- Trust Company
- Credit Union (correct)
- Islamic Bank
What is the primary function of a savings and loan association?
What is the primary function of a savings and loan association?
- Asset Management
- Accumulating Savings and Providing Loans (correct)
- Extending Credit
- Ownership Registration
Which financial institution is engaged in the business of accumulating savings and providing loans or investments?
Which financial institution is engaged in the business of accumulating savings and providing loans or investments?
What distinguishes Islamic banks from conventional banking institutions?
What distinguishes Islamic banks from conventional banking institutions?
Which custodial tasks are performed by trust companies?
Which custodial tasks are performed by trust companies?
What type of banking institution aims to promote and accelerate the socio-economic development of the Autonomous Region of Muslim Mindanao?
What type of banking institution aims to promote and accelerate the socio-economic development of the Autonomous Region of Muslim Mindanao?
Which banking institution targets farmers who need financial help in the production and marketing of agricultural products?
Which banking institution targets farmers who need financial help in the production and marketing of agricultural products?
What is the primary purpose of a thrift bank as defined in Republic Act No. 7906?
What is the primary purpose of a thrift bank as defined in Republic Act No. 7906?
Which type of banking institution is typically privately owned and managed?
Which type of banking institution is typically privately owned and managed?
What distinguishes a cooperative bank from a rural bank?
What distinguishes a cooperative bank from a rural bank?
Which type of banking institution focuses on providing diversified financial services to individuals and small and medium enterprises?
Which type of banking institution focuses on providing diversified financial services to individuals and small and medium enterprises?
Which type of financial institution involves managing funds for investment purposes?
Which type of financial institution involves managing funds for investment purposes?
Among the listed depository institutions, which one is typically authorized to operate with the widest scope of banking activities?
Among the listed depository institutions, which one is typically authorized to operate with the widest scope of banking activities?
What type of bank provides commercial loans and offers investment products in addition to regular banking services?
What type of bank provides commercial loans and offers investment products in addition to regular banking services?
Which type of institution is typically known for facilitating the transfer of funds domestically or abroad?
Which type of institution is typically known for facilitating the transfer of funds domestically or abroad?
What type of institution is usually authorized to invest in equities of non-banking institutions?
What type of institution is usually authorized to invest in equities of non-banking institutions?
Among the listed depository institutions, which one is specifically mentioned as a financial institution that accepts deposits from individuals and corporate entities?
Among the listed depository institutions, which one is specifically mentioned as a financial institution that accepts deposits from individuals and corporate entities?
Flashcards are hidden until you start studying
