Podcast
Questions and Answers
Which of the following is a characteristic of a cooperative?
Which of the following is a characteristic of a cooperative?
- Voluntary and Open Membership (correct)
- Membership by Invitation Only
- Exclusive Membership
- Strict Membership Requirements
What is the primary purpose of a Financial Service Cooperative?
What is the primary purpose of a Financial Service Cooperative?
- Promoting community development
- Engaging in savings and credit services (correct)
- Offering educational programs
- Providing housing assistance
Which of the following is NOT a method used by Financing Companies (FCs) and Lending Companies (LCs) to promote their services?
Which of the following is NOT a method used by Financing Companies (FCs) and Lending Companies (LCs) to promote their services?
- Door-to-door marketing (correct)
- Television advertisements
- Social media platforms
- Mobile applications
What is the purpose of registering Online Lending Platforms as business names with the SEC?
What is the purpose of registering Online Lending Platforms as business names with the SEC?
Which of the following is NOT a role of a real estate broker?
Which of the following is NOT a role of a real estate broker?
What is the definition of a pawn in the context of a pawnshop?
What is the definition of a pawn in the context of a pawnshop?
Which of the following businesses is NOT regulated by the Bangko Sentral?
Which of the following businesses is NOT regulated by the Bangko Sentral?
What is the primary activity of a lending company?
What is the primary activity of a lending company?
Which of the following is a primary source of funds in real estate?
Which of the following is a primary source of funds in real estate?
Who acts as an intermediary between mortgage borrowers and mortgage lenders?
Who acts as an intermediary between mortgage borrowers and mortgage lenders?
What is a bird dog in real estate investing?
What is a bird dog in real estate investing?
Which of the following is NOT considered a financing company according to RA 8556 IRR?
Which of the following is NOT considered a financing company according to RA 8556 IRR?
What is the minimum paid-up capital required for financing companies according to SEC issuances?
What is the minimum paid-up capital required for financing companies according to SEC issuances?
Which of the following powers do financing companies have with the prior approval of the Bangko Sentral ng Pilipinas?
Which of the following powers do financing companies have with the prior approval of the Bangko Sentral ng Pilipinas?
What do financing companies do when they rediscount their paper with government financial institutions?
What do financing companies do when they rediscount their paper with government financial institutions?
