Podcast
Questions and Answers
What is the main difference between banking and non-banking financial institutions?
What is the main difference between banking and non-banking financial institutions?
- Banking institutions can issue and accept cheques, while non-banking institutions cannot.
- Banking institutions offer lower interest rates, while non-banking institutions offer higher interest rates.
- Banking institutions require a license to operate, while non-banking institutions do not. (correct)
- Banking institutions have longer terms of payment, while non-banking institutions have shorter terms of payment.
Which of the following is a similarity between banking and non-banking financial institutions?
Which of the following is a similarity between banking and non-banking financial institutions?
- Both are regulated by the Bangko Sentral ng Pilipinas. (correct)
- Both offer lower interest rates.
- Both have longer terms of payment.
- Both can issue and accept cheques.
What is the main source of funds for depository banking institutions?
What is the main source of funds for depository banking institutions?
- Investments
- Loans
- Deposits from customers (correct)
- Government subsidies
Which of the following is NOT an example of a non-depository financial institution?
Which of the following is NOT an example of a non-depository financial institution?
Which of the following is not an obligation of entrepreneurs towards their creditors?
Which of the following is not an obligation of entrepreneurs towards their creditors?
What is the primary function of microloan organizations?
What is the primary function of microloan organizations?
What is the primary purpose of insurance firms?
What is the primary purpose of insurance firms?
What is the primary purpose of entrepreneurs using borrowed funds?
What is the primary purpose of entrepreneurs using borrowed funds?
Which type of insurance typically covers unexpected losses to assets?
Which type of insurance typically covers unexpected losses to assets?
What is the consequence of entrepreneurs failing to make timely payments on their debt?
What is the consequence of entrepreneurs failing to make timely payments on their debt?
Flashcards are hidden until you start studying
