1It describes collectively the Financial Markets, Financial System Participants, and the Financial Instruments and Securities traded in the financial market.
Financial System
2It is a set of institutions/participants that permit the exchange of funds.
Financial System
3According to ____________ on his book “Money, Credit, and Banking" Financial System has three components.
Cristobal M. Pagoso
43 components of Financial System
Monetary System, Financial Institutions, and Financial Market
52 kinds of monetary system
Creating Money and Transferring Money
62 kinds of Financial Institution
Accumulating Savings and Lending & Investing Savings
72 kinds of financial market
Marketing Financial Assets and Transferring Financial Assets
8According to Norma Dy Lopez-Mariano in her book __________ financial system has four functions.(6) participants in the Philippine Financial System
Capital Markets
94 functions of financial market generally described as the group that receives income, mostly from wages and salaries.
- To channel the funds of Saving/Surplus Units and Deficit Units.
Saving Units : Lenders. Deficit Units: Borrowers.
- To provide medium of exchange.
- To provide mechanism if risk sharing.
- To provide a channel through which the central bank can influence the economy, in general and the financial system, in particular.
10A medium of exchange is a portable instrument that is used as an intermediary to facilitate the sale and purchase of goods between parties, is an example of?
Risk Sharing - Insurance Policies
116 Participants in the Philippine Financial System
- Households/ Consumers,
- Financial Institutions/ Intermediaries
- Non-financial Institutions
- Central Bank
- Government
- Foreign Participants
12Described as the group that receives income, mostly from wages and salaries.
Households/Consumers
132 types of goods
- Durable Goods
- Non-durable Goods
14A institutions that bridge the gap between Surplus Units and Deficit Units.
Financial Institutions
152 types of financial institutions
- Depository Institutions
- Non-depository Institutions
16Financial Institutions who do not accept deposits.
Non-depository Institutions
17Financial Institutions who accept deposits
Depository Institutions
18Institution who do not offer financial services.
Non-financial Institutions
19Also known as Banker of the Banks and the one who oversee the operations of their countries financial system.
Central Banks
207 types of Banking Institutions
- Universal Banks
- Commercial Banks
- Thrift Banks
- Rural Banks
- Cooperative Banks
- Islamic Banks
- Microfinance Banks
215 Non-bank Financial Institutions
- Investment House
- Financing Companies
- Securities Dealers
- Investment Companies
- Fund Managers
22Refers to entities engaged in the borrowing of funds through the issuance, endorsement or assignment with recourse or acceptance of deposit substitute.
Quasi-Banking
23A _________ is a financial institution given privileged control over the production and distribution of money and credit for a nation or a group of nations.
Central Bank
24Central bank controls the supply of money in a economy through the use of ____________?
Monetary Policy
252 types of Monetary Policy
- Contractionary Monetary Policy
- Expansionary Monetary Policy.
263 Pillars of Central Banking (3 stars in the logo)
- price stability
- stable banking system
- a safe and efficient payments and settlements system
275 Core Values
- Excellence
- Patriotism
- Integrity
- Solidarity
- Accountability
28The core value that consistently doing our best to master our craft.
Excellence
29Commitment to the Filipino and the country.
Patriotism
30Performing mandate with sincerity, honesty, and uprightness.
Integrity
31Performing with team spirit.
Solidarity
32Taking full responsibility for one's actions.
Accountability
33When a currency retains it purchasing power by maintaining low and stable inflation rates.
Price Stability
342 types of Price Stability
- Stable Financial System
- Unstable Financial System
35A ________________ is one in which financial institutions, markets and market infrastructures facilitate the smooth flow of funds between savers and investors.the board that governs the Bangko Sentral ng Pilipinas.
Stable Financial System
36Is when there is a financial disturbance in the system, financial disturbance is when borrowers are insolvent and prices of securities falls.
Unstable Financial System
37Functions of BSP
- Bank of Issue
- Government Banker, Agent, and Adviser.
- Custodian of the cash reserves of banks.
- Custodian of the nation’s reserves of international currency
- Bank of rediscount and lender of last resort.
- Bank of Central Clearance and settlement
- Controller of credit
38The board that governs the Bangko Sentral ng Pilipinas.
Monetary Board
39Monetary Board are composed of 7 members that is appointed by the President of the Philippines for 6 years term.
- Chairman/ Governor
- Member of the Cabinet
- Five (5) full-time Members from the Private Sector
40The Chairman/ Governor of the Monetary Board
Dr. Felipe M. Medalla
41The Cabinet Member
Benjamin E. Diokno
42Members from the Private Sector
- Peter B. Favila
- Antonio S. Abacan Jr.
- V. Bruce J. Tolentino
- Anita Linda R. Aquino
- Eli M. Remolona
435 Sectors of BSP
- Monetary and Economics Sector
- Financial Supervision Sector
- Corporate Services Sector
- Payments and Currency Management Sector
- Regional Operations and Advocacy Sector
44They are banking institutions owned and controlled by the government to perform certain economic functions.
Government Banking Institutions
45How many government banking institutions there are in the Philippines?
3
46The three government banking institutions are also categorized as what?
Specialized Banking Institutions
47This bank defined as those banks that are banking operations that serve a specific type of economic activities.
Specialized Banks
48What are the 3 specialized banks?
- Land Bank of the Philippines (LBP)
- Development Bank of Philippines (DBP)
- Al Amanah Islamic Investment Bank of the Philippines (AMANAH)
49This bank was formed to be an instrument for carrying part of the country's land reform program.
Land Bank of the Philippines
50LBP was founded on?
August 8, 1963
51Republic Act 3844 is called?
Agricultural Land Reform Code
52This is the redistribution of public and private agricultural lands to farmers and farmworkers who are landless.
Comprehensive Agricultural Reform Program (CARP)
53Among the programs of CARP, this is one of the major programs.
Land Tenure Improvement
54A state owned development bank.
Development Bank of the Philippines
55It has more than P976 billion assets in the Philippines and it is the eight-largest bank.
Development Bank of the Philippines
56DBP was founded in?
1947
57It provides banking services principally to cater to the medium and long term needs of agricultural and industrial enterprises.
Development Bank of the Philippines
58AAIIBP stands for?
Al-Amanah Islamic Investment Bank of the Philippines
59The first and only Islamic Bank in the Philippines.
Al-Amanah Islamic Investment Bank of the Philippines
60In 1972, ______________________ created the AAIIBP with an initial capitalization of 50M pesos.
Presidential Decree No. 264
61It provides financial services to our muslim brothers and sisters.
Al-Amanah Islamic Investment Bank of the Philippines
62ARMM stands for?
Autonomous Region of Muslim Mindanao
63It is based on the concept of interest.
Conventional Banking
64Islamic Banking is based on?
Shariah Laws
65It prohibits interest or riba and is based on trading?
Islamic Banking
66The chief executive officer of the BSP and is required to direct and supervise the operations and internal administration of the BSP.
Governor
675 Private Banking Institutions
- Universal Banks
- Commercial banks
- Savings banks
- Thrift banks
- Rural banks
68These are entities that engage in lending of funds obtained from deposits.
Banks
69They offer the widest variety of banking services among financial institutions.
Universal Banks
70Bank that offer retail banking, wholesale/merchant bank and investment banking.
Universal Banks
71Bank that only offers retail banking and wholesale/merchant banking.
Commercial Banks
72It is to obtain loans or advances from BSP using the eligible papers of its end-user borrowers as collaterals.
Discounting
73It is a standing credit facility to help banks meet temporary liquidity needs by refinancing the loans they extend to their clients.
Rediscounting
74It is the written evidence of ownership.
Securities
75Securities that represents ownership over a company.
Equity securities
76Securities that represents indebtedness.
Debt securities
77It primarily mobilize small savings.
Thrift Banks
78
Are banks organized for the purpose of accumulating funds and investing it to money market instruments and mortgages.
Savings Banks
79Organized primarily to cater to the capital needs and demand for investment credit to medium to long-term loans.
Private Development Banks
80It’s purpose is to provide adequate credit facilities to farmers and merchants especially to the rural communities.
Rural Banks
81Organized to provide a wide range of financial services to cooperatives and its members.
Cooperative Banks
82Banks established to promote and accelerate socio- economic development of our Muslim brothers based on the Islamic concept of banking.
Islamic Banking
83Bank established to provide financial services to micro enterprises.
Microfinance Banks
843 Types of Deposit Accounts
- Demand Deposits
- Savings Account
- Time Deposit
85No interest is paid by the bank because the depositor can take out his funds any time.
Deposit Accounts/ Demand Deposits
86Which is the most common type of deposit, is usually evidenced by a passbook.
Savings Accounts
87Is an account with fixed term
Time Deposit Accounts
88Depositor can withdraw the money he deposited on the very same day
Deposit Accounts/ Demand Deposits
89Bank pays an interest rate, but not as high as time deposits.
Savings Accounts
90The interest rate is stipulated depending on the number of days. During this period, the money deposited cannot be withdrawn.
Time Deposit Accounts
91It has a higher rate of interest than savings account.
Time Deposit Accounts
92Is an interest-bearing deposit account that combines the payable on demand feature of checks and investment feature of savings accounts
Negotiable Order of Withdrawal (NOW) Account
934 Bank Services
- Savings
- Investing
- Loan or Credit
- Foreign Exchange
944 Types of Banking Services
- Individual Banking
- Business Banking
- Digital Banking
- Loans
95Banks typically offer a variety of services to assist individuals in managing their finances
Individual Banking
96Banks offer financial services for business owners who need to differentiate professional and personal finances.
Business Banking
97The ability to manage your finances online.
Digital Banking
98Securities and Exchange Commissionwas created on?
October 26, 1936 by Commonwealth Act (CA) 83 also known as The Securities Act
99Is a social insurance program for employees in the Philippines.
Social Security System
100Is a government agency that provides retirement and health benefits to all paid up employees in the Philippines.
Social Security System
101Government Service Insurance System was created by?
Commonwealth Act No. 186 and Republic Act No. 8291 (GSIS Act of 1997)
102Is a social insurance institution that provides a defined benefit scheme under the law.
Government Service Insurance System
103PAG-IBIG is an acronym that stands for?
Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industria at Gobyerno
104PAG-IBIG is also called as?
Home Development Mutual Fund
105Established to provide health insurance coverage and ensure affordable, acceptable, available and accessible health care services for all citizens of the Philippines.
Philhealth
106Philippine Deposit Insurance Corporation is a government instrumentality created in? as amended, to insure the deposits of all banks.
June 22, 1963 by Republic Act 3591
107True or False:
PDIC is to protect depositors by providing deposit insurance coverage for the depositing public and help promote financial stability.
True
108PDIC provides a maximum deposit insurance of?
500,000 pesos
109Is the only stock exchange in the Philippines.
Philippine Stock Exchange (PSE)
110The PSE is composed of a ________ man Board of Directors.
15
111Who is the Chairman of PSE?
Jose T. Pardo
112It is uniquely positioned to deliver investor protection through efficient trading platforms.
Philippine Dealing System Holdings
113PDEx stands for?
Philippine Dealing & Exchange Corp.
114PDTC stands for?
Philippine Depository & Trust Corp.
115PSSC stands for?
Philippine Securities Settlement Corp.