Financial System

Question 1

Primarily responsible for defining and regulating the financial system

Answer 1

GOVERNMENT

Question 2

The GOVERNMENT is primarily
responsible for defining and regulating the

Answer 2

financial system

Question 3

describes collectively the financial markets, the participants, and the instruments and securities that are traded in the said markets.

Answer 3

Financial System

Question 4

are equal to current income less current expenditures

Answer 4

Gross savings

Question 5

generally described as that group receiving income majority of which typically come from wages and salaries. Such income is spent
on goods and services and a part is saved (if there is enough to save).

Answer 5

Households or consumers

Question 6

They include depository
institutions and non-depository institutions

Answer 6

Financial Institutions

Question 7

They channel funds from the lender to borrowers.

Answer 7

Financial Institutions

Question 8

are the firms that bridge the gap between the surplus units (SU) or INVESTORS/LENDERS and the
deficit units (DU) or borrowers

Answer 8

Financial Institutions

Question 9

is meant the national
provincial, city , and barangays or
towns compromising the Philippines
as a whole

Answer 9

The Government

Question 10

is part of the government that we consider as participant in the financial system.

Answer 10

Philippine Treasury

Question 11

is the banker to banks providing
various services to banks

Answer 11

Any central banks

Question 12

are the monetary policymakers
of their respective countries

Answer 12

central banks

Question 13

refer to the participants from the rest of he world-households governments, financial and non-financial firms, and central banks.

Answer 13

Foreign participants

Question 14

It is the central monetary authority

Answer 14

Bangko Sentral ng Pilipinas

Question 15

is at the top of the structure,the one mandated to oversee the financial system of the country . It is the agency that is tasked to ensure that the country has a healthy financial system and a healthy economy

Answer 15

Bangko Sentral ng Pilipinas

Question 16

6 participants or sectors in
the financial system:

Answer 16

1. Households or consumers;
2. Financial institutions
3. Non-financial firms
4. The government
5. The central bank
6. Foreign participants

Question 17

are equal to current income
less current expenditures.

Answer 17

Gross savings

Question 18

government banking institutions:

Answer 18

1. Philippine National Bank
2. Development Bank of the
   Philippines
3. Land Bank of the Philippines
4. Amanah Islamic Bank

Question 19

Non-bank financial institutions are:

Answer 19

1. Private Non-Bank Institutions
2. Government Non-Bank Financial Institutions

Question 20

Example of Private non-bank financial institutions are:

Answer 20

Investment bank/houses
Investment companies
finance companies
securities dealers and brokers
non-stock savings and loans associations
pawnshops
lending
fund managers
insurance companies

Question 21

Examples of Government Non-bank financial institutions:

Answer 21

GSIS
Social Security System
Pag-ibig

Question 22

Other financial institutions are also overseen by the

Answer 22

SECURITIES AND EXCHANGE COMMISSIONS

Question 23

Private Insurance companies are under

Answer 23

INSURANCE COMMISSION

Question 24

Financial institutions not under BSP are the cooperatives that are handled by the

Answer 24

COOPERATIVE DEVELOPMENT
AUTHORITY (CDA)

Question 25

The Monetary Board meets at least

Answer 25

once (1) a week.

Question 26

Monetary Board has

Answer 26

7 members appointed by the President of the Philippines.

Question 27

7 members of the monetary board:

Answer 27

5 full-time members from the private sector.
1 cabinete
1 appointed by the president