Podcast
Questions and Answers
Which type of bank focuses on accumulating and investing depositors' savings?
Which type of bank focuses on accumulating and investing depositors' savings?
- Investment banks
- Commercial banks
- Thrift banks (correct)
- Central banks
What are the main customers of thrift banks?
What are the main customers of thrift banks?
- Government agencies
- Non-profit organizations
- Individuals and small and medium enterprises (correct)
- International corporations
What are the purposes for which a thrift bank may be organized?
What are the purposes for which a thrift bank may be organized?
- Accumulating the savings of depositors and investing them
- Providing short-term working capital
- Providing medium- and long-term financing
- All of the above (correct)
According to the 2020 Manual of Regulations for Banks, thrift banks are allowed to:
According to the 2020 Manual of Regulations for Banks, thrift banks are allowed to:
Thrift banks are exempt from which of the following taxes?
Thrift banks are exempt from which of the following taxes?
Which of the following is NOT a service that thrift banks can provide with prior approval of the Monetary Board?
Which of the following is NOT a service that thrift banks can provide with prior approval of the Monetary Board?
What is the benefit of the Reserve Requirement Differential for thrift banks?
What is the benefit of the Reserve Requirement Differential for thrift banks?
Which association was established by the officers, enlisted personnel, and civilian employees of the 410th Air Materiel Wing of the Philippine Air Force?
Which association was established by the officers, enlisted personnel, and civilian employees of the 410th Air Materiel Wing of the Philippine Air Force?
Which association dedicates itself to serving the members of the Philippine National Police (PNP), Bureau of Fire Protection (BFP), and their immediate family members?
Which association dedicates itself to serving the members of the Philippine National Police (PNP), Bureau of Fire Protection (BFP), and their immediate family members?
Which association was first conceptualized to answer the ever-pressing need of soldiers for loans to augment their meager salary?
Which association was first conceptualized to answer the ever-pressing need of soldiers for loans to augment their meager salary?
Which association was incorporated with the primary purpose of fostering, promoting, and cultivating the habit of thrift and savings among its members?
Which association was incorporated with the primary purpose of fostering, promoting, and cultivating the habit of thrift and savings among its members?
Which type of banks in the Philippines primarily focus on promoting agriculture and industry, and providing medium and long term credit facilities?
Which type of banks in the Philippines primarily focus on promoting agriculture and industry, and providing medium and long term credit facilities?
What is the main purpose of Savings and Loan Associations in the Philippines?
What is the main purpose of Savings and Loan Associations in the Philippines?
What is the maximum loan amount that a Savings and Loan Association can grant to its members?
What is the maximum loan amount that a Savings and Loan Association can grant to its members?
What is the maximum maturity date for loans granted by a Savings and Loan Association?
What is the maximum maturity date for loans granted by a Savings and Loan Association?
Which type of banks are exempt from payment of all taxes, fees, and charges except corporate income taxes and local taxes?
Which type of banks are exempt from payment of all taxes, fees, and charges except corporate income taxes and local taxes?
Which banks are allowed to foreclose lands mortgaged to them?
Which banks are allowed to foreclose lands mortgaged to them?
Which court officials can administer the oath to or acknowledge the instrument of any thrift bank and its borrowers or mortgagor free of charge?
Which court officials can administer the oath to or acknowledge the instrument of any thrift bank and its borrowers or mortgagor free of charge?
Which banks are included in the list of Savings and Mortgage Banks?
Which banks are included in the list of Savings and Mortgage Banks?
Flashcards
Thrift Bank Focus
Thrift Bank Focus
Thrift banks prioritize accumulating and investing depositors' savings.
Thrift Bank Customers
Thrift Bank Customers
Individuals and small to medium-sized businesses are the main customers.
Thrift Bank Purposes
Thrift Bank Purposes
Thrift banks can be organized for various purposes, including acting as collection agents for the government.
Thrift Bank Tax Exemption
Thrift Bank Tax Exemption
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Thrift Bank Credit Facilities
Thrift Bank Credit Facilities
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Reserve Requirement Differential
Reserve Requirement Differential
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AMWSLAI
AMWSLAI
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PSSLAI
PSSLAI
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AFPSLAI
AFPSLAI
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MESALA
MESALA
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Private Development Banks
Private Development Banks
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Savings and Loan Associations
Savings and Loan Associations
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Maximum Loan Amount (S&LA)
Maximum Loan Amount (S&LA)
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Loan Maturity (S&LA)
Loan Maturity (S&LA)
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Tax-Exempt Banks
Tax-Exempt Banks
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Thrift Bank Foreclosure
Thrift Bank Foreclosure
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Court Officials for Thrift Banks
Court Officials for Thrift Banks
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Savings and Mortgage Banks (List)
Savings and Mortgage Banks (List)
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