Self-Check Quiz 1 Solutions

1. A Correspondent bank is a bank that has formed a “partnership” with other banks in order to exchange checks and payments directly.  True  False 2. Article 4 of the Uniform Commercial Code covers three types of banks: depository banks, payor banks, and collecting banks.  True  False 3. The drawee bank is the one the payee deposits the check into.  True  False

An institution which has responsibility for financial affairs on the property of others is known as ΟΛ fiduciary financial institution brokerage firm ball bond B. O C. O D.

No need generalized answer ok solve correct. Make a review outline or summary on the discussion about foreign currency hedging and its accounting treatment in the Philippines.

The banks that are permitted in the conduct of foreign exchange operations are included in the __________ association of banks. What are the foreign assets of the BSP held, mostly as an investment in foreign issuing facilities, monetary gold, and foreign exchange $2,000 The amount of funds that the bank holds to ensure that it is able to meet liabilities in case of sudden withdrawal, influences the decrease or increase of money supply and interest rate. So whatever the amount involved, what do you call that? It influenced the increase or decrease of the money supply and interest rate It is the process of consolidating the control and coordination of cash flows across different business units, rotations, currencies, and banks accounts It refers to the collection of laws, processes, and regulations that prevent legally obtain money from entering the financial system, it sets limits on how much cash an individual can hold Who is the new BSP Government/

Corporate bonds often have higher yields than government bonds to compensate investors for which additional risk?   A Default B ESG C Market D Liquidity

outline step that can be taken for Redesig Risk managment when dealing with banks since covid

Which one of the following functions that goldsmiths performed was most important in the development of modern-day fractional reserve banking? Goldsmiths stored gold for people in their vaults. Goldsmiths issued paper receipts to people who stored gold in the goldsmiths’ vaults. By issuing additional paper receipts, goldsmiths made loans to people who did not necessarily have gold deposits. The paper receipts issued by the goldsmiths were accepted by merchants as a means of payment.

Which one of the following statement is not true of a money market instruments? a. Bankers acceptances are short term loans b. Commercial paper is a promissory note. c. Treasury bills are long term securities issued by the Government d. A Euro dollar certificate of deposit is negotiable

Why would an employer encourage an employee to take advantage of payroll direct deposit? Why would an employee prefer direct deposit over a paper check? Mention in your answer that the employee's pay-slip can be stolen, and that the money passes through the bank therefore it is legal money. Hint: Employers prefer direct deposit because it saves time and money. Employers that offer direct deposit do not have to issue paper checks and receipts. Employees prefer direct deposit because they do not have to go to a bank to deposit their paychecks. If their payday lands on a weekend or holiday, then their paycheck still gets deposited on time.

) Explain the difference between: Treasury bills Certificates of deposits Commercial paper  Please answer fast.

Which of the following statements are true about exchange rate risk? Check all that apply: a)A Canadian investor with an investment in U.S Treasury bills faces exchange rate risk. b)Exchange rate risk can be hedged using a futures or forward contract in foreign exchange. c)Exchange rate risk arises from the uncertainty in asset returns due to changes in the exchange rate between the currency of the investor and the foreign currency. d)Exchange rate risk can't be perfectly hedged, even if the return earned in the foreign currency is known beforehand.

True or false  1. Interest Rate Parity allows a company to lock in profits by borrowing in the low interest rate currency and investing in the high interest rate currency? 2. When calculating Days Sales Oustanding, it is important to include all credit and cash sales in the equation.

5 Credit reports always include which of the following information A) Borrower's former spouse's name B) Borrower's name and Social Security number C)The number of people in a borrower's household and their names D)Loan amounts and payment patterns up to a five-year history period

1. A banks system is aims as determine the responsibilities and authorities for the managers and employees to evaluate their financial management goals. Discuss the goals of banks and the role banks play to enable these goals to be achieved.

How will you deal with the below mentioned situation if you are branch manager of the Bank.The father of a student who has been admitted to school with hostel, intends to open a savings account in the name of his minor son with the school branch of the Bank. Explain the procedure along with the documentation.

When you use a debit card to make a purchase, a financial institution is extending credit to you and expects to be paid in the future.; True or False

32) Which of the following is acting as financial intermediary between savers and investors? a. Financial Institutions b. All c. Banks d. Financial Market

A banks system is aims as determine the responsibilities and authorities for the mangers and employees to evaluate their financial management goals. Discuss the goals of banks and the role banks play to enable these goals to be achieved.

Write a 500 word essay on the analysis of the role of Basel Core Principals of Effective Bank Supervision for operational Risk

Obtain and review a credit policy and procedures document from any selected financial institution. Review the contents and write a critique on the three key areas addressed in the policy. Highlight any one area which you think was not properly addressed, making two recommendations for improvement of the document, the policy and procedures

True/False Question: (1) Finance is concerned with the process of transferring money among individuals, businesses, and governments through institutions, markets, and instrument

It is about Hong Kong Tax, Special Business, Financial Institution, profit tax calculation. Explain the concepts relationship of S,14, S.15(i), D7/84, "passive receipts" and “carrying on the business of lending money" and provide with simple example.

Which of the below statements regarding cryptocurrencies is NOT mentioned or suggested as factors that give cryptocurrencies an advantage over traditional currencies?   Group of answer choices   Transactions carried out independently without the involvement of banking institutions or governments.   The value of cryptocurrencies is more stable and less volatile than the international exchange rate of the U.S. dollar.   Easy international business transactions because digital coins can overcome any border obstacle much faster and more easily than the traditional currency.   Its reduced cost for shipments sent abroad would be a consideration for free flowing global transactions and trade.

The objectives of regulation and the emphasis vary between jurisdiction and institution. For banks, some of the most common are: a.All of the above. b.To protect banking confidentiality. c.Reduce the risk of disruption resulting from adverse trading conditions for banks, causing multiple or major bank failures. d.Reduce the risk of banks being used for criminal purposes.

The examples below best refers to presented problems I A piece of machinery breaking down II A target set is by somebody else III Being stuck in a traffic jam IV A sudden shift in interest rates V A fluctuated of international currencies II, II and IV A. В. All of above C. I, II. III D. I, III and IV

Solve this MCQ : A. For example you need money from outside and that's why you are looking for the best options of external fund which need to be evaluated in terms of: The Length of the Time The Cost The Amount of Company Control Lost  All of The Above None of the Above.   B. Trust receipts are unique type of which loan (s) an entrepreneur can get through banks. ‌Straight Commercial Loan ‌Inventory Loan  ‌Account Receivable Loan  ‌All of The Above ‌None of The Above.   C. In case of constrained growth business farms actually perform better if they remain at a smaller growth. ‌True  ‌False   D. Entrepreneurs can get secondary sources of information through ‌ Trade Magazines ‌ Newspaper Articles ‌ Government Agencies  ‌All of The Above  ‌None of The Above   E. The changes between Apple 7+ and Apple 12 Pro is called ‌ Breakthrough Innovation ‌ Technological Innovation ‌ Ordinary Innovation ‌ Both Option 2 And 3  ‌ None of The Above   F. Transfer of interest is not flexible…

On debit side of trading Account we record: Manufacturing expenses Business expenses Both of these None of these