BAFM 103 Pre-FInal Exam

Non-bank financial institutions are entities that provide certain bank-like financial services but do not hold a banking license.

• True

• False

NBFIs supplement banks in providing financial services to individuals and firms and can provide competition for banks in the provision of these services.

• True

• False

Non-bank financial institutions are not regulated by Bangko Sentral ng Pilipinas.

• True

• False

There is a Manual of Regulations for Non-bank Financial Institutions in the Philippines.

• True

• False

SSS and GSIS are private-owned non-bank financial institutions.

• True

• False

____________ pool risk by collecting premiums from a large group of people who want to protect themselves and/or their loved ones against a particular loss, such as a fire, car accident, illness, lawsuit, disability or death.

• Venture Capital Firm

• Insurance company

• Pawnshop

• Currency Exchange

____________ support a large number of activities, ranging from providing the basics to startup capital for small business entrepreneurs and educational programs that teach the principles of investing.

• Venture Capital Firm

• Microfinancing organization

• Pawnshop

• Currency Exchange

____________is a shop or business that loans money to people who bring in valuable items which they leave with the broker..

• Venture Capital FIrms

• Insurance companies

• Pawnshops

• Currency Exchange

____________is a type of investment company that manages venture capital funds and makes the capital from those funds available to startups.

• Venture Capital Firm

• Insurance company

• Pawnshop

• Currency Exchange

____________is a business that allows someone to exchange one country's currency for another by executing buy and sell transactions.

• Venture Capital FIrm

• Microfinancing organization

• Pawnshop

• Currency Exchange