Financial Institutions

Question 1

Financial Institution

Answer 1

• consist of private and government organizations whose assets are incomes or claims derived in the performances of financial services.
• is a company engaged in the business or dealing with financial monetary transactions such as banks, savings, loan associations, and finance companies.
• encompass a broad range of business operations within the financial service sector including banks, trust companies, insurance companies, brokerage firms, and investment dealers.

Question 2

Financial Markets

Answer 2

• are institutions which bring together parties in the buying and selling in financial claims. This may include the MARKET STOCK EXCHANGE.
• refer broadly to any marketplace where the trading of securities occurs, including Stock market, Bond market, Forex market, and Derivatives market.

Question 3

Financial Claims

Answer 3

• include rights to receive money based on financial instruments presented. These instruments serve as evidence for claims either a debt claim or equity claim.

Question 4

BSP or Banko Sentral nd Pilipinas

Answer 4

• is the umbrella organization of the Philippine Financial System.