10/13/2020 Quiz 1

Quiz 1
Financial System Definition and Participants
* Required

1. Email address *

2. Last Name *

3. First Name *

4. Year/Section

Mark only one oval.

BSBA - 3B

BSBA - 3C

BSBA - 4A

BSA - 2A

True or False

5. Financial system channels funds from deficit units to saving units.

Mark only one oval.

True

False

6. Financial system provides a medium of exchange.

Mark only one oval.

True

False

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7. Households and families do no include single individuals in terms of financial system.

Mark only one oval.

True

False

8. Funds acquisition is determining to which uses, projects, or investments the acquired funds will be used.

Mark only one oval.

True

False

9. Fund utilization is about using the funds for its intended purpose.

Mark only one oval.

True

False

Identification

10. ____________________1. It describes collectively the financial markets, the participants, and the instruments and
securities that are traded in the said markets.

11. ____________________2. It is the financial system participant that receives income, majority of which typically
comes from wages and salaries.

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12. ____________________3. These are the goods that are consumed within a current period.

13. ____________________4. These are the goods that will last for more than a year.

14. ____________________5. It is the Philippine’s central bank.

15. ____________________6. They are the participants represented by households, governments, financial and non-
financial firms, and central banks from other countries.

16. ____________________7. It is equal to the current income less current expenditures.

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17. ____________________8. They are the firms that bridge the gap between surplus units (Sus) or investors/lenders
and deficit units (DUs) or borrowers.

18. ____________________9. It refers to the participants from the rest of the world-households, governments, financial
and non-financial firms, and central banks.

19. ____________________10. It refers to a meeting places where those who require additional capital seek out others
who wish to invest their excess.

Enumeration

20. Give at least three specific examples of each financial system participants.

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