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Accounting Plus > Money and Banking 2 > Flashcards

Money and Banking 2 Flashcards

1
Q

the ability of a customer to obtain goods and services before payment

A

credit

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2
Q

availability of liquid assets to a market or company

A

liquidity

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3
Q

a system of money in general use in particular country

A

currency

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4
Q

a company engaged in the business of dealing with financial and monetary transactions such as deposits, loans, investment and currency exchange

A

financial institution

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5
Q

the BSP was created by the _____

A

republic act of 7653 or new central bank act of the philippines

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6
Q

if the philippine’s central monetary authority that provides policy directions in the areas of money, banking and credit.

A

Bangko Sentral ng Pilipinas

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7
Q

the bsp’s powers and functions are exercised by its

A

monetary board consisting of seven members and appointed by the president of the philippines

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8
Q

the chief executive officer of the bangko sentral and its required to supervise and direct the operations and interval administrations of BSP.

A

governor

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9
Q

BSP primary goal and objective

A

to maintain stability of prices which are useful to a sustainable and balance growth in the economy.

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10
Q

7 responsibilities of BSP

A

liquidity management, currency issue, lender of last resort, financial supervision, management of foreign currency reserves, determination of exchange rate policy, and other activities.

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11
Q

it is the responsibility of the bsp to creates and exercises monetary policy which aims to influence money supply consistent.

A

liquidity management

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12
Q

responsibility of bsp. Has the exclusive power to issue the currency to the nation.

A

currency issue

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13
Q

responsibility of bsp. provides discounts, loans and advances to banking institutions for purposes of liquidity.

A

lender of last resort

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14
Q

responsibility of bsp. tasked to supervise banks and exercise regulatory powers over non bank institutions performing quasi banking functions

A

financial supervision

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15
Q

responsibility of bsp. to keep an adequate international reserves to satisfy any predictable needs and demands for foreign currency

A

management of foreign currency reserves

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16
Q

responsibility of bsp. regulates the exchange rate policies of the philippines.

A

determination of exchange rate policy

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17
Q

functions as the banker, financial advisor and etc.

A

other activities

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18
Q

the cabinet, governor and different individuals from the monetary board serves terms of

A

6 years

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19
Q

monetary board members are meeting

A

weekly

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20
Q

the banking institution can be categorized as

A

private and government banking

21
Q

private banking institutions comprised of

A

commercial and thrift banks

22
Q

the government banking institution consists of

A

philippine national bank, development bank of the philippines, land bank of the philippines and philippines al amanah bank

23
Q

ordinary or non-expanded commercial banks. examples of bdo unibank, metropolitan bank, bpi and etc.

A

commercial banking institutions

24
Q

primarily involved in the mobilization of the small savings of savers and the people. they provide funds for agriculture and industry.

A

the thrift bank

25
Q

the following banks that fall under the thrift bank:

A

the savings and mortgages bank, the saving and loan association, the private development banks and the rural banks.

26
Q

to receive time deposit of different types and to invest its funds in long term investment.

A

the savings and mortgages bank

27
Q

very similar to the savings and mortgages banks. however such entities may either be classified as corporation that non-stock or stock.

A

the savings and loan association

28
Q

it is a government institution, formerly known as the rehabilitation finance corporation

A

the private development bank

29
Q

fulfill the investment function by allowing small farmers to finance their needs through granting of loans for capital and other users.

A

the rural banks

30
Q

operates under the provision of the executive order no. 80, the 1996 revised charter of PNB

A

Philippine national bank

31
Q

started operating in 1935 as national loan and investment board. to coordination and manage trusts funds was its first mission.

A

development bank of the philippines

32
Q

it was the agrarian reforms code that made the land bank of the philippines to finance the procurement and conveyance of agricultural estates for division and resell these to little landholders.

A

land bank of the philippines

33
Q

made under the republic act no.6848 to promote the social and the financial development mindanao.

A

al amanah islamic investment bank of the philippines

34
Q

they offer types of assistance and services identified with claims, financial and budgetary data and etc.

A

non-bank financial institutions

35
Q

the private non bank institutions

A

investment house/banks, securities brokers/dealers, building and loan association, credit unions, private insurance, pawnshop, trust companies, non-stock savings and loans associations, financing companies, other non bank financial institutions.

36
Q

mean as any enterprise which takes part in the underwriting of securities of different organization

A

investment house/banks

37
Q

in accordance with the arrangement of the revised securities act, no broker or vendor or sales chuchu

A

securities brokers/dealers

38
Q

gets investment funds from member and loans funds to them

A

building and loan association

39
Q

type of saving institution. has its purpose of inculcation of the habit of thrift, frugality, and the idea of helping one another

A

credit unions

40
Q

add to the nation’s financial improvement just as to protected or insured individuals

A

private insurance

41
Q

provide credit to small borrowers who are not qualified to obtain small loans from financial institutions.

A

pawnshops

42
Q

purpose of providing credit facilities to consumers and to industrial, commercial, or agricultural enterprises.

A

financing companies

43
Q

financial institutions that are not too known to many people. Fund managers, lending investor, and venue capital corporations and etc.

A

other non bank financial institutions

44
Q

the government non financial institutions

A

government service insurance system, social security system, philippine export and foreign loan guarantee corporation and national home mortgage finance corporation

45
Q

started its operation on may 13, 1937. Life insurance funds, retirement funds, health insurance fund and etc

A

government service insurance system

46
Q

started its operation on september 1, 1957. death, disability, sickness, and mature age benefits and etc.

A

social security system

47
Q

to guarantee affirmed foreign loans, in entire or to a limited extent, given to any local institution, enterprise and etc

A

philippine export and foreign loan guarantee corporation

48
Q

purpose is to develop and provide a secondary market for home mortgages granted by public and or private home financing institutions.

A

national home mortgage finance corporation

Accounting Plus (4 decks)

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