Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

BANKING > 00 > Flashcards

00 Flashcards

1
Q

Well-functioning financial system is crucial to the country’s economic health

A

Philippine financial system

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

When financial system breaks down = severe economic hardship result (like in Russia and southeast asia recently)

A

Philippine financial system

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Has the basic function of moving funds from those who have a surplus to those who have shortage of funds

A

Philippine financial system

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Private Banking Institutions

A
  1. Expanded Commercial Banks/Universal Banks (EKB/UB)
  2. Commercial Banks (KB)
  3. Thrift banks (TB)
  4. Rural banks
  5. Cooperative Banks
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

types of thrift banks

A
  1. Savings and mortgage Banks (SMB)
  2. Private development Banking (PDB)
  3. Stocks Savings and Loan Associations (SSLA)
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Non-bank Financial Institution

A
  1. Investment House
  2. Investment Bank
  3. Securities dealers
  4. Savings and loan association
  5. Financing companies
  6. Mutual Fund
  7. Pawn shop
  8. Lending investor
  9. Pension Fund
  10. Insurance Companies
  11. Credit Unions
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Government Non-bank financial institutions

A
  1. GSIS
  2. SSS
  3. Pag-ibig or HDMF (Home Development Mutual Fund)
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

The evolving philippine financial system

A
  1. Political reforms: tax reforms and greater infrastructure spending = projected to drive domestic growth in 2018 (higher spending in government and households)
  2. Four regulatory agencies to counteract the downside risk and to ensure smooth functioning of the philippines financial system (BSP, SEC, Insurance Commission, Philippine Deposit Insurance)
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Four regulatory agencies to counteract the downside risk and to ensure smooth functioning of the philippines financial system

A

BSP
SEC
Insurance Commission
Philippine Deposit Insurance

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Political reforms: tax reforms and greater infrastructure spending =

A

projected to drive domestic growth in 2018 (higher spending in government and households)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Signs of Growth in Domestic Market

A

Three Major Segments of Philippine Financial System

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Three Major Segments of Philippine Financial System

A

The Philippine Banking System
Total assets of Insurance Industry
Securities market

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

The Philippine Banking System growth

A
  1. Double digit assets growth since Jan 2016
  2. Latest data shows total resources of banking system = 17.3 trillion of pesos increase by 12%
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Total assets of Insurance Industry growth

A
  1. Doubles by 2008 to 2016
  2. Steady increase relative to GDP revenue
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Securities market growth

A
  1. Growth in the bond market
  2. Comprised peso denominated government insured securities
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Regulatory Landscape

A
  1. Alignment with global standard = Principles for sound liquidity risk management and supervision
  2. Deepening capital market
  3. Strengthening surveillance
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

Function of Financial Systems

A
  1. savings
  2. liquidity
  3. payment
  4. risk
  5. policy
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

Element of financial systems

A
  1. financial claims
  2. financial institution
  3. financial market
  4. government agencies
  5. laws and policies
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

Fr Juan Fernandez de Leon started the first credit institution in the Philippines, the Obras Pias, which translated to pious works.

A

1754

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

Francisco Rodriguez establish the Rodriguez bank

A

1764

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

The first Philippine bank, Banco Espanol- Pilipino de Isabella de II was instituted.

A

1851

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
22
Q

The Suez Canal was opened, consequently expanding Philippine trade with other nations.

A

1869

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
23
Q

Branches of the Chartered Bank of India Austria, and China were built in Manila

A

1873

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
24
Q

In the height of the Spanish colonization, British banks ruled the economy Nonetheless, Spain was able to establish their first bank in the Philippines, the Monte de Piedad.

A

1882

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
25
Q

The treaty of Paris was signed, giving way to free trade between the US and the Philippines through the Payne Aldrich Act.

A

1898

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
26
Q

The International Banking Corporation of New York built a branch in The Philippines: however, in 1915, it was acquired by the National City Bank of New York.

A

1902

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
27
Q

The Postal Saving Bank was established.

A

1904

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
28
Q

The first Agricultural Bank of the Philippine Government was founded. Ten years later, it would be transferred to the newly founded Philippine National Bank.

A

1906

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
29
Q

Chinese banks were built in the country.

A

1920

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
30
Q

because of Japanese colonization, the Philippine National bank was forced to close, but was reopened within a few months under the provisions of the Japanese Military. Also during the Japanese period, war notes were circulated, resulting in the worst inflation in history.

A

1942

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
31
Q

Any commercial bank
Performs investment house function + commercial banking authority
Invest in the equities of allied or non-allied enterprises
Allied may be financial or not

A

Expanded Commercial Banks/Universal Banks (EKB/UB)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
32
Q

Any commercial bank, confined only to commercial bank function
Accepting drafts and issuing letters of credit, discounting and negotiating promissory notes, drafts, and bills of exchange, and other evidence of debt
Accepting or creating demand deposits, receiving other types of deposits substitute, buying and selling of foreign exchange, gold or silver bullions
Acquiring marketing bonds and other debt securities
Extending credit subject to such rules

A

Commercial Banks (KB)

33
Q

Accumulate the savings of depositors and invest them together with their capital, loan secured by bonds, mortgage in real estate and insured improvements thereon, chattel mortgages, bonds and other forms of security or loan for personal or household finance, secured or unsecured, in financing or home development

A

Thrift Banks (TB)

34
Q

Readily marketable and debt securities, in commercial papers and accounts receivables, drafts bills of exchange, acceptance or notes arising out of commercial transaction and in such other investment and loan which the Monetary Board may determine as necessary in the furtherance of national economic objective

A

Thrift Banks (TB)

35
Q

focuses on promoting homeownership, accepts deposits, provide savings account, offering mortgage loan

A

Savings and mortgage banks (SMB)

36
Q

Any corporation organized for the purpose of accumulating the savings of depositors and investing them, together with its capital, in readily marketable bonds and debt securities

A

stock Savings and mortgage banks (sSMB)

37
Q

Checks, bills of exchange, acceptances or notes arising out of commercial transaction or in loans secured by bond, mortgage or real estate transaction and insured improvements or other form of securities

A

Savings and mortgage banks (SMB)

38
Q

fostering economic growth and development, providing financial support and resources; offer loans, equity, and financial services to projects promoting infrastructure, industries, and sustainable development

A

Private development banking (PDB)

39
Q

Bank that exercises all the power and assumers all the obligation of the saving and mortgage bank (General Banking Act) except as otherwise stated

A

Private development banking (PDB)

40
Q

Help to construct and expand and rehabilitate industrial sectors

A

Private development banking (PDB)

41
Q

Government counterpart of private development banking

A

Development Bank of The Philippines

42
Q

Helps the private development banks augment their capitalization as provided under RA 4093 as amended

A

Development Bank of The Philippines

43
Q

an institution where individuals or entities can hold shares, representing ownership, and the institution provides services typical of savings and loan associations, such as accepting savings deposits and providing mortgage loans

A

Stock savings and loan associations (SSLA)

44
Q

Any corporation engaged in the business of accumulating the saving of its member or stockholders and using such accumulated funds together with its capital for loan and investment or in securities of the government and its instrumentalities

A

Stock savings and loan associations (SSLA)

45
Q

Are primarily engaged in servicing the needs of households = personal finance and long term financing for home building and development

A

Stock savings and loan associations (SSLA)

46
Q

Any bank authorized by the central bank to accept deposits and make credit

A

Rural Banks (RB)

47
Q

Available to farmers, businessmen and cottage industries in rural areas

A

Rural Banks (RB)

48
Q

Loans = may be granted by rural security of land without torrens title; private property can show 5 years or more peaceful continuous and uninterrupted possession of the land

A

Rural Banks (RB)

49
Q

Banks established to assist various cooperatives

A

Cooperative banks

50
Q

Lends funds at reasonable interest

A

Cooperative banks

51
Q

controlled and owned by the government; manage government funds; facilitate public expenditure financial services to government agencies; improve monetary and fiscal policies

A

Government Banking Institutions

52
Q

Provides loan for development purposes

A

Development bank of the Philippines (DPB)

53
Q

Agriculture, commercial, industrial sector

A

Development bank of the Philippines (DPB)

54
Q

Provide financial support in support in implementation of agrarian reform program

A

Land bank of the Philippines (LBP)

55
Q

RA 6048 - provides a charter bank

A

Philippine Al-Amanah Islamic Investment Bank

56
Q

Authorizes the bank to promote and accelerates the socio-economic development of ARMM

A

RA 6048 - provides a charter bank

57
Q

Provides banking, financing, and investment operations

A

Philippine Al-Amanah Islamic Investment Bank

58
Q

To establish and participate in agriculture, commercial, and industrial ventures based on Islamic concept of banking

A

Philippine Al-Amanah Islamic Investment Bank

59
Q

entities providing financial services but not classified as traditional banks; diversify the financial sector, offer specialized financial products like insurance, investment, leasing, and money market activities; governed by specific regulations based on their financial activities

A

Non-bank financial institution

60
Q

specialized in investment-related services

A

Investment houses

61
Q

offer a range of services including underwriting, advisory, and facilitating financial transactions

A

Investment banks

62
Q

provides various types of loans and credit facilities;

A

Financing companies

63
Q

financial intermediaries facilitating the buying and selling of securities (stocks, bonds) in financial market

A

Securities dealers/brokers

64
Q

specialized in savings deposits and mortgage lending; promote homeownership by providing loans for real estate and accepting savings deposit

A

Savings and loan association

65
Q

investment vehicles that pool money from multiple investors to invest in a diversified portfolio of stocks, bonds, or other securities

A

Mutual funds

66
Q

provides short-term collateral-based loans

A

Pawnshop

67
Q

individuals or entities that provide loans to borrowers in exchange for interest or fees; offer alternative financing options beyond traditional banks

A

Lending investors

68
Q

investment funds set up to provide income and financial security for retirees

A

Pension funds

69
Q

provide coverage against specified risks in exchange for premium payments

A

Insurance companies

70
Q

cooperative financial institution owned and operated by its members

A

Credit union

71
Q

The cash flows through other bodies of the financial system

A

Savings

72
Q

Often channeled into production of goods and into the money market

A

Savings

73
Q

Without proper system in place stocks, bonds, and other income yielding investment, would not be easily cashed out when needed by investor

A

Liquidity

74
Q

Ability to turn asset into cash

A

Liquidity

75
Q

Insurance policies are made available for investors

A

Risk

76
Q

Insurance policies lessens the risk people face for difference investments: health, properties, assets, income, life

A

Risk

77
Q

Financial systems impact the economy of a country through affecting interest rates and inflation

A

Policy

78
Q

entitle their owners, the creditors, to receive a payment or series of payments without any counter-performance from other institutional units, the debtors, who have incurred the counterpart liabilities

A

Financial claims

79
Q

current collection services like credit cards, devit cards, and cheque issuing provides convenient process of paying

A

payment

BANKING (4 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions