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Questions and Answers

Which of the following best describes non-bank financial institutions?

Financial institutions that provide loans to economic units seeking funds from sources other than the public

Financial institutions that are regulated by the BSP and engage in lending funds obtained from the public

Financial institutions that engage in specific functions related to claims, financial information, and advice (correct)

Financial institutions that are banks but currently subject to regulations by the BSP

What are the two groups that component institutions are sub-divided into?

Government and private institutions

Banks and non-banks

Quasi-banking and lending of funds from sources other than the public (correct)

Public and private institutions

Are component institutions considered as banks?

Yes, they are considered as banks

No, they are not considered as banks (correct)

They are considered as banks but subject to different regulations

They are considered as banks but not subject to regulations

Study Notes

Non-Bank Financial Institutions

Non-bank financial institutions are financial institutions that do not accept deposits from the general public and are not licensed as banks.
They provide various financial services to individuals and businesses, but are not classified as banks.

Component Institutions

Component institutions are sub-divided into two groups:
- Deposit-taking institutions (e.g. credit unions, building societies)
- Non-deposit-taking institutions (e.g. insurance companies, pension funds, investment firms)

Component Institutions vs. Banks

Component institutions are not considered as banks, as they do not accept deposits from the general public and are not licensed as banks.

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Description

Test your knowledge about Non-Bank Financial Institutions with this quiz. Learn about the various functions and services provided by these institutions, including claims management, financial advice, and portfolio management. Explore the differences between private and government-owned institutions, and discover how they assist in sourcing loans for economic units.