LYCEUM-NORTHWESTERN UNIVERSITY

Tapuac District, Dagupan City

COLLEGE OF BUSINESS EDUCATION

MIDTERM QUIZ: 1
FIN5 Financial Institution & Markets

Name:_____________________________________ Score:____________________

Year/Section:________________________________ Date:_____________________

I – IDENTIFICATION. Identify what is being described in each statement. Write your answers on space
provided. Strictly no erasure, altering or any form of tampering.

_________________ 1. This is granted to each of the five dependent children of a permanent

total disability pensioner beginning with the youngest and without
substitution.

_________________ 2. They provide an additional source of credit, especially to small

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

_________________ 3. It is the portion of the authorized capital which is subscribed and

entitled to vote.

_________________ 4. Referred to as the amount required by the pawnbroker to be paid by

the pawner in consideration for the handling of the loan transaction and
the cancellation upon full payment of the same or upon redemption of
the pawn.

_________________ 5.
A pawner who fails to pay or renew his loan obligation with a pawnee
on the date it falls due, is entitled to have _______________ from the
date of maturity of the loan within which to redeem the pawn by paying
the principal amount of the loan plus the amount of interest that
accrued.

_________________ 6. Defined to mean as “any corporation formed or organized for the

purpose of acting as trustee or administering any trust or holding
property in trust or on deposit for the use, benefit, or behalf of others.”

_________________ 7. The amount that is granted to a member who is sixty years old or over,
separated from employment, has paid less than 120 monthly
contributions and is not voluntarily paying contributions.
_________________ 8. Cash benefits are paid to a member who, due to old age, is no longer
able to earn a living or his ability to earn a living is diminished.

_________________ 9. Include only such personal property as may actually be delivered to the
control and possession of the pawnee.

_________________ 10. Refer to a person or entity engaged in the business of lending money on
personal property delivered as security for loans.

_________________ 11. Refer to the area where the pawnshop conducts its business and
maintains office.

_________________ 12. These are a financial institution which serves as executors or

administrators of decendents’ estate properties, as guardians of the
properties of legal incompetents, and as trustees under deeds of trust
agreements, and wills.

_________________ 13. Has the right to collect the interest earned on any securities deposited,
and to exchange such securities for others, with the approval of the
Monetary Board, as long as the company continues to be solvent and
complying with the laws of the Philippines.

_________________ 14. Consist of the loans extended/paid registers, general ledgers/journal

covering the current and at least the proceeding two years of
operations unused accountable forms and partnership, stock
certificates, etc.

_________________ 15. Refer to household appliances, office machine and the like, which
occupy considerable amount of space.

II. Enumeration.

A. List down the limitation on investment on non-stock savings and loan association ( 2 points each)

1.

2.

3.

4.