Brainscape's Knowledge GenomeTM

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


See full index

Social > Lesson 16.1 Banks > Flashcards

Lesson 16.1 Banks Flashcards

1
Q

It is the manipulation and control of money supply even credit conditions in the economy.

A

Monetary Policy

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

They are the ones implementing the Monetary Policy. It has the function to balance the economy and are responsible for the smooth transfer of money within the economy, stability of money supply, and control of inflation.

A

Financial Institutions

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

It is an institution for lending, borrowing, issuing, or managing money.

A

Bank

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

It is the largest among the banks in terms of functions. They are those that accepts all kinds of deposits including savings.

A

Commercial Banks

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

This is the unified system of different commercial banks for a more convenient and fast transaction service.

A

Universal Banking

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

It is the 24/7 banking transactions, and the latest service in the online and mobile banking.

A

Automated Teller Machine (ATM)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

It aims to help farmers to have a capital.

A

Rural Bank

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

It is the Republic Act that created the Rural Banks.

A

R. A. No. 720

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

It is also known as savings bank. It encourages people to save portions of their income in banks.

A

Thrift Banks

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

It gives loan and accepts deposit from members

A

Savings and Loan Association

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

It accepts deposits that can be used by small and medium-scale businessmen

A

Private Development Act

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

It is known as the Private Development Banks Act

A

R. A. 4093

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

Ut encourages people to save and at the same time accepts pawned items as collateral for loans.

A

Savings and Mortgage Bank

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

These are banks that take care of the properties and funds of people like minors who have no power to care for their properties. They also manage funds and properties of the church and other charitable institutions.

A

Trust Conpanies

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

It was established to promote and implements its programs for socio-economic development of the country

A

Special Banks

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

It became the main bank of the Philippines and has the aim to enforce land reform. It also helps businessmen and entrepreneurs who are need of capital

A

Land Bank of the Philippines

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

It was how the (LBP) was created

A

R. A. 3844

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

It gives financial help to promote different economic projects and programs in agriculture and industry

A

Development Bank of the Philippines

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

It is the only bank in the Philippines that is authorised to offer Islamic banking. It is also licensed to do both commercial and investment banking services, similar to the Universal Bank

A

Al-Amanah Islamic Investment Bank of the Philippines (AAIIBP)

20
Q

It is the Republic Act that created the Al-Amanah Islamic Investment Bank of the Philippines

A

R. A. No 6848

21
Q

It started its operation in December 1966 in Manila. It aims to provide economic and social support to the developing member countries through loans and technical support

A

Asian Development Bank (ADB)

22
Q

It was established to provide loans to the member countries

A

International Monetary Fund (IMF)

23
Q

It is the value of which is the equivalent of the average value of five currencies like US Dollar, Japanese Yen, French Franc and many more

A

Special Drawing Right (SDR)

24
Q

They both act as the Central Bank. They regulate and control the value of the currency or the borrowing country.

A

The IMF and the WB

25
Q

It was established in 1946 in Washington. Its original objective was to rebuild the economy of the countries that were destroyed in World War 2.

A

World Bank

26
Q

It is created to safeguard the interest and welfare of all government employees.

A

Government Service Insurance System (GSIS)

27
Q

It aim to provide support to all members that come from the private sectors.

A

Social Security System (SSS)

28
Q

It is the Republic Act that created the (SSS)

A

Republic Act No. 1992

29
Q

It was established to help the members have their own houses. It receives contributions from its members from government, private employees, and (OFWs).

A

Pag-IBIG (Pagtutulungan sa Kinabukasan – Ikaw, Bangko, Industriya at Gobyerno) Fund

30
Q

It was created throught the Presidential Degree No. 1267 on December 21, 1977 which aims to help individuals to own a house a lot through modes of installment.

A

National Home Mortgage Finance Corporation (NHMFC)

31
Q

It is one of the business ventures that serves as the middleman to all individuals who need financial help. It accepts anything of value as collateral to their loan.

A

Pawnshop

32
Q

It isnthe Bank of banks. It is a central institution design to bring about unified control of the financial system of the country.

A

Central Bank

33
Q

It was created through R. A. No. 265 on June 3, 1949. It is the country’s monetary authority

A

Bangko Sentral ng Pilipinas

34
Q

It represents the interest rate charged by BSP to the bank debtor

A

Discount Rate

35
Q

It is the percentage of deposits to be kept in the banks as reserves.

A

Reserve Requirement

36
Q

The BSP sells bonds of the government known as Treasury Bills.

A

Open Market Operation

37
Q

It represents the debt of the government

A

Treasury Bills

38
Q

It is the sole power of the BSP mint money

A

Fiat Money Authority

39
Q

It is to encourage different banks to control the supply of money in the circulation

A

Moral Suasion

40
Q

It is the process of creating the form tat a huge amount of money obtained from serious crimes.

A

Money Laundering

41
Q

It defines money laundering as a criminal offense.

A

Anti-Money Laudering Act (AMLA)

42
Q

It is to combat money laundering.

A

Anti-Money Laundering Council (AMLC)

43
Q

It is the conversion of one currency to another.

A

Foreign Exchange

44
Q

It is the policy to control inflation

A

Tight Money Policy

45
Q

It was created through R.A. 7653

A

Central Monetary Authority

Social (2 decks)

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