What does the term 'provision of finance' encompass according to the Financial Services Act 2013? Select all that apply. A) Leasing business B) Acceptance or guarantee of any liabi... What does the term 'provision of finance' encompass according to the Financial Services Act 2013? Select all that apply. A) Leasing business B) Acceptance or guarantee of any liability, obligation or duty of any person C) Factoring business D) Deposit taking E) Purchase of bills of exchange, promissory notes, certificates of deposit, debentures or other negotiable instruments F) Lending of money
Understand the Problem
The question is asking about the specific components included in the term 'provision of finance' as defined by the Financial Services Act 2013. It requires identifying which of the listed options are included under this term.
Answer
A, B, C, E, F
The final answer is A) Leasing business, B) Acceptance or guarantee of any liability, obligation or duty of any person, C) Factoring business, E) Purchase of bills of exchange, promissory notes, certificates of deposit, debentures or other negotiable instruments, F) Lending of money
Answer for screen readers
The final answer is A) Leasing business, B) Acceptance or guarantee of any liability, obligation or duty of any person, C) Factoring business, E) Purchase of bills of exchange, promissory notes, certificates of deposit, debentures or other negotiable instruments, F) Lending of money
More Information
The term 'provision of finance' under the Financial Services Act 2013 encompasses various financial activities including leasing business, guarantees, factoring, purchasing of negotiable instruments, and lending operations.
Tips
A common mistake is including 'Deposit taking' (option D) which is typically defined under a separate provision for banking activities.
Sources
- Financial Services Act 2013 - Bank Negara Malaysia - bnm.gov.my
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