FINALS

Which is the most common financial institution?

• Bank

• Cooperative

• Corporation

• All of the above

It is the same as IOU

• Loans

• Bonds

• Financing

• Debt

It means that there is no loan to repay

• Share profit

• Learn and Gain from partners

• Credit Issues Gone

• Less Burden

It is the mostly used form of financing when companies have a long-term need for investment.

• Equity Financing

• Debt Financing

• Loan Financing

• Bank Financing

Are privately owned institutions that accept deposits and lend money to projects to earn interest.

• Universal Bank

• Commercial Bank

• Thrift Bank

• Rural Banks

Are government sponsored or assisted banks.

• Thrift Bank

• Rural Bank

• Cooperative Bank

• Islamic Bank

Which is not a disadvantage of Debt Financing?

• Accessibility

• Loss of Control

• Repayments

• Personal Liability

SSS and GSIS is an example of?

• Government Institution

• Nonbank Financial Institution

• Financial Institution

• Loan Institution

Which is not a requirements of personal loan?

• Loan Application

• Proof of Identity

• Proof of billing

• Proof of address

Which documents does not prove your business legitimacy?

• Mayors Permit

• Business Tax Identification Number

• Company Profile

• Latest Income Tax Return