It accepts deposits from individuals and organizations that have excess funds and provide loans to those who are in need. This financial institution is called _______.

• investment banks

• commercial banks

• credit unions

• insurance companies

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

• brokerage

• credit union

• investment banks

• insurance companies

If you hear the word "finance", what comes into your mind?

• bank

• treasurer

• money

• ATM

It is the allocation of scarce resources according to an economist's perspective is called ________.

• Division of profits and losses

• Arbitrary ratio

• Finance

• asset allocation

An amount of money that is paid back within an agreed amount of time, with interest

• Bank loan

• Angel investment

• Overdraft

• Retained profit

A short-term source of finance from a bank that usually is only used in an emergency/when needed

• Overdraft

• Loan

• Share capital

• Credit card

It implies the efficient handling of available resources.

• Management

• Allocation

• Utilization

Select ALL the institutions that are part of the formal financial sector

• Commercial Banks

• Money Lender

• Sou Sou

• Credit Union

Select ALL the institutions that are NOT part of the formal financial sector

• Commercial Banks

• Money Lender

• Sou Sou

• Credit Union

Which institutions regulates the financial sector?

• The Ministry of Finance

• The Security and Exchange Commission

• The Central Bank

• The Banker's Union