The Bangko Sentral ng Pilipinas (BSP) allows organizers of bank to form banks as sole proprietorships, partnerships and corporations. True False
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The Bangko Sentral ng Pilipinas (BSP) allows organizers of bank to form banks as sole proprietorships, partnerships and corporations.
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- Which of the following forms of business organization can finance its operation through acquiring bank term loan and by issuance of equity securities? General Professional Partnership Single proprietorship Limited partnership CorporationChoose the function and service of a bank in which Bank Purchases and sells securities, shares and debentures on behalf of their customers. a. Miscellaneous Functions of the banks b. Discounting of Bills of Exchange c. Investment of Funds d. Agency FunctionsThe ANZ Bank is an example of a: Select one: a. an Authorised Depository Institution. b. a Unit Trust c. a Finance Company d. a Contractual Savings Institution.
- Which of the following holds deposits, makes loans and provides other financial services to member-owned organizations? a. Central Bank of Oman b. Mutual Funds c. Commercial Banks d. Cooperative BanksWhich of the following is not a description of a classification of a financial institution? An entity that accept money from public and use such to financial instruments issued by businesses or government. An office that collect taxes from registered individuals. An associations whose members are supposed to have a common bond. A company that offers a variety of savings and loan products.Which is not true about the Banko Sentral ng Pilipinas and the Philippine banking industry? a. Banks are engaged in lending of cash which were acquired from the public the form of deposits b. One of the powers that the Universal bank can exercise includes the power of an investment house c. The members of the monetary board of the Banko Sentral ng Pilipinas is appointed by the president of the Philippines d. Banko Sentral ng Pilipinas is the primary government agency that facilitates the planning and implementation of fiscal policies
- Many banks are owned by holding companies that own other financial services firms. The holding company must own at least 10% of the bank’s stock. What are the advantages of a holding company has for a bank?In the US history, that separated the operations of commercial banks and those of investment bank is Sarbox Dodd-Frank Bill The Glass Steagall Act the Gramm-Leach-Bliley Act(1) Discuss the examples of two universal banks in Ghana who have form business alliances, merge with or acquire other financial institutions to deliver and streamline operations for the benefits of stakeholders.
- Choose the best answer Underwriting an issue is the domain of: a. commercial bank b.the central bank c.the stock exchange d.an investment bankPREAMBLE Today, banks do much more than accept deposits or make loans. They provide a variety of financial service to meet the diverse requirements of their customers. The link between the customer and the bank is the banker. To serve customers well and fulfill their responsibilities, bankers must have a through working knowledge of banks products, service, policies, and practices. Banks also contribute to the community, the economy, and the welfare of the nation. As businesses that operate for the benefit of their shareholders, banks seek ways to operate efficiently and profitably. To achieve all these goals, banks form business alliances, merge with or acquire other financial institutions, and support technological innovations to deliver and streamline operations. Required: (a) Discuss why banks are special in every society.(b) Discuss two specific financial services provided by banks to meet the need of Small and Medium Enterprise (SME) in Ghana. (c) Discuss three ways in which…Advantage and Disadvantage of Non-stock savings and loan associations from private non bank thrift institutions?