CSEC POB SECTION 8 BUSINESS FINANCE

Which of the following is NOT a financial institution?

• Supermarket
• Commercial bank
• Stock market
• Insurance company

A development bank primarily provides:

• Long-term funding for business and economic projects
• Short-term loans to individuals
• Providing insurance policies
• Mortgage financing

Which financial institution is a non-profit cooperative that provides lower-cost financial services to its members?

• Credit union
• Commercial bank
• Mortgage company
• Development bank

The main function of a mortgage company is to:

• Provide loans for purchasing property
• Accept deposits and issue checks
• Offer insurance policies
• Regulate financial institutions

A microfinance agency primarily provides financial services to:

• Low-income individuals and small businesses
• Large corporations
• Government entities
• Stock market investors

The central bank is responsible for all the following EXCEPT:

• Offering personal loans
• Issuing banknotes
• Setting interest rates
• Acting as a lender of last resort

The Jamaica Deposit Insurance Corporation (JDIC) was created to:

• Protect depositors and maintain financial stability
• Issue government bonds
• Provide insurance for businesses
• Regulate commercial banks

Which financial regulatory body is responsible for enforcing financial regulations from the government?

• Central bank
• Credit unions
• Development banks
• Commercial banks

The Financial Services Commission (FSC) is responsible for regulating:

• Stock markets and credit unions
• Only commercial banks
• Supermarkets and retail businesses
• Foreign exchange transactions

Which of the following is NOT a function of financial regulatory bodies?

• Providing personal savings accounts
• Supervising financial institutions
• Advising the government on fiscal matters
• Enforcing financial regulations