GE3 Contemporary World

In the United States, the _______________ insures regular deposit accounts to reassure individuals and businesses regarding the safety of their finances with financial institutions.

• General Agreement on Tariffs and Trade (GATT)

• Federal Deposit Insurance Corporation (FDIC)

• World Trade Organization (WTO)

• International Monetary Fund (IMF)

____________ is a type of financial institution that accepts deposits, offers checking account services, makes business, personal, and mortgage loans, and offers basic financial products like certificates of deposit (CDs) and savings accounts to individuals and small businesses.

• insurance company

• investment bank

• commercial bank

_______________ specialize in providing services designed to facilitate business operations, such as capital expenditure financing and equity offerings, including initial public offerings (IPOs).

• investement banks

• commercial banks

• insurance companies

Which of the following is NOT an insurance company?

• Sun Life Financial

• Pru Life UK

• Manulife Financial

• Shelflife PH

What is the Top 1 in Premium Income of Life Insurance Companies year 2019?

• Sun Life

• Pru Life UK

• Philippine Axa Life Insurance

• BDO Life Assurance Company, Inc.

What is the last element of Bretton Woods system?

• expression of currency in terms of gold or gold value to establish a par value

• U.S. dollar became the global currency

• the official monetary authority in each country would agree to exchange its own currency for those of other countries at the established exchange rates, plus or minus a one- percent margin

• establishment of an overseer for these exchange rates

The General Agreement on Tariffs and Trade (GATT) was an international trade agreement. It was signed by __ nations.

• 20

• 21

• 22

• 23

The most encompassing club of the richest countries in the world is the _________________________ with 35 member states as of 2016.

• International Monetary Fund (IMF)

• European Union (EU)

• Organization for Economic Cooperation and Development (OECD)

• Organization of Petroleum Exporting Countries (OPEC)