Business Finance

The Bank of Jamaica regulates

• The Deposit Insurance Fund

• Foreign exchange traders and remittance companies

• The major clearing and settlement systems

• Answer 2 & 3 are correct

A financial institution (FI) is a company engaged in the business of dealing with financial and monetary transactions such as deposits, loans, investments, and currency exchange. Which of the following is an example of a non-bank Financial Institution?

• Insurance Companies and Brokerage Companies

• BOJ and N.C.B.

• Development Bank of Jamaica

• Micro-financing Institution & Building Societies

The Financial Services Commission regulates the following financial institutions in Jamaica

The Credit Union (CU) is a non-bank financial institution. Who are the owners of the CU

• Commercial Bank

• Their Employees

• The Government

• Their Members

Which of the following are intermediaries between people who save money and people who borrow money?

• The Government

• Politicians

• Non-bank Financial Institutions

• Banks, credit unions, financial institutions

All of the following are characteristics of Financial institutions EXCEPT:

• Include banks savings and loans, and credit unions

• Encourage savings and investing by paying interest

• They are all owned by the government

• Receive deposits and make loans

Mrs. Banks wants to open a basic savings account. He should go to which two types of Financial institutions to open the account.

• a Financial services company & Credit Union

• An Investment Bank & Central Bank

• Brokerage Company & Investment Bank

• Retail Bank and Credit Union

One of the Financial institutions that operates by collecting premiums from clients is called ____________ .

• Brokerage Companies

• Insurance Companies

• Investment Banks

• Building Societies

The JDIC manages and administers the Deposit Insurance Fund in Jamaica. What is the Deposit Insurance Coverage Limit

• J$1.5 MILLIOON

• J$250,000

• J$10,000,000

• J$1,200,000

A person who buys or sells equities for his or her clients is a

• Financial advisor

• Bank Manager

• Investment Analyst

• Stock Broker