Real Estate Financing Quiz
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Questions and Answers

Which type of bank serves individuals and organizations, addressing regular financial needs such as deposits, withdrawals, checking and savings accounts, and loan services?

  • Rural Banks
  • Thrift Banks
  • Universal Banks (correct)
  • Cooperative Banks
  • Which law governs commercial banking in the Philippines?

  • RA 7906 - Thrift Banks Act of 1995
  • PD 129 - The Investment Houses Law
  • RA 8791 - The General Banking Law of 2000 (correct)
  • RA 337 - The General Banking Act
  • Which financial source is not mentioned in the text?

  • Real Estate Developers (correct)
  • Other Sources
  • Primary Source
  • Financial Middlemen
  • Which type of bank has the authority to exercise the powers of an investment house?

    <p>Universal bank</p> Signup and view all the answers

    What is the main difference between a commercial bank and a universal bank?

    <p>Universal banks can offer underwriting services</p> Signup and view all the answers

    Which bank has the highest total assets as of March 31, 2023?

    <p>BDO Unibank Inc</p> Signup and view all the answers

    What is the main power of a commercial bank according to RA 8791?

    <p>Extending credit</p> Signup and view all the answers

    Which type of bank is specifically mentioned in RA 6848 as the charter of the Al-Amanah Islamic Investment Bank of the Philippines?

    <p>Islamic Bank</p> Signup and view all the answers

    Which law governs the General Banking Law of 2000?

    <p>RA 8791</p> Signup and view all the answers

    Which type of bank is not mentioned in the classifications of banks under RA 8791?

    <p>Investment Banks</p> Signup and view all the answers

    Which type of bank is authorized to function like an investment house?

    <p>Universal bank</p> Signup and view all the answers

    Which bank is not listed among the top 15 universal banks in the Philippines based on assets as of March 31, 2023?

    <p>China Banking Corp</p> Signup and view all the answers

    Which power is exclusive to commercial banks according to RA 8791?

    <p>Receiving other types of deposits</p> Signup and view all the answers

    Which bank has the highest total assets among the top 15 universal banks as of March 31, 2023?

    <p>BDO Unibank Inc.</p> Signup and view all the answers

    Which type of bank has the authority to exercise the powers of an investment house?

    <p>Universal bank</p> Signup and view all the answers

    Which type of bank serves individuals and organizations, addressing regular financial needs such as deposits, withdrawals, checking and savings accounts, and loan services?

    <p>Commercial bank</p> Signup and view all the answers

    What is the main difference between a commercial bank and a universal bank?

    <p>Services offered</p> Signup and view all the answers

    Which type of bank is authorized to function like an investment house?

    <p>Universal bank</p> Signup and view all the answers

    Which law governs commercial banking in the Philippines?

    <p>RA 337</p> Signup and view all the answers

    Which law governs the General Banking Law of 2000?

    <p>RA 8791</p> Signup and view all the answers

    Which bank is not listed among the top 15 universal banks in the Philippines based on assets as of March 31, 2023?

    <p>HONGKONG &amp; SHANGHAI BANKING CORP</p> Signup and view all the answers

    Which financial source is not mentioned in the text?

    <p>Donations</p> Signup and view all the answers

    Which power is exclusive to commercial banks according to RA 8791?

    <p>Extending credit</p> Signup and view all the answers

    Which bank has the highest total assets as of March 31, 2023?

    <p>BDO UNIBANK INC</p> Signup and view all the answers

    According to RA 8791, which type of bank serves individuals and organizations, addressing regular financial needs such as deposits, withdrawals, checking and savings accounts, and loan services?

    <p>Commercial Banks</p> Signup and view all the answers

    Which law governs the General Banking Law of 2000?

    <p>RA 8791</p> Signup and view all the answers

    Which type of bank is not mentioned in the classifications of banks under RA 8791?

    <p>Investment Banks</p> Signup and view all the answers

    Which law governs commercial banking in the Philippines?

    <p>RA 8791</p> Signup and view all the answers

    According to RA 6848, which type of bank is specifically mentioned as the charter of the Al-Amanah Islamic Investment Bank of the Philippines?

    <p>Islamic Banks</p> Signup and view all the answers

    Which type of bank has the highest total assets among the top 15 universal banks as of March 31, 2023?

    <p>Bank A</p> Signup and view all the answers

    According to RA 8791, which power is exclusive to commercial banks?

    <p>Accepting demand deposits</p> Signup and view all the answers

    Which type of bank is authorized to function like an investment house?

    <p>Universal Banks</p> Signup and view all the answers

    What is the main difference between a commercial bank and a universal bank?

    <p>The types of services they offer</p> Signup and view all the answers

    Which financial source is not mentioned?

    <p>Financial Middlemen</p> Signup and view all the answers

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