Chap 2 Flashcards
1
Q
The ___ at the societal environment or regional level is principally responsible for the flow of money or funds from the lender to the borrower.
A
Financial System
2
Q
People commonly equate __ with banks.
A
Financial institutions
3
Q
___ are the financial institutions that accept deposits
A
Depository institutions
4
Q
__ are institutions authorized to operate and regulated by the BSP under the general banking law of 2000.
A
Banks
