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Microfinancing

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

It is when money is given to another party in exchange for repayment of the principal amount plus interest

a)

Insurance

b)

Loan

c)

Savings

d)

Transfer

2.

An individual or entity receives financial protection or reimbursement against losses.

a)

Loan

b)

Transfer

c)

Savings

d)

Insurance

3.

An interest-bearing deposit account held at a bank or other financial institution. Though these accounts typically pay a modest interest rate, their safety and reliability make them a great option for parking cash you want available for short-term needs.

a)

Loans

b)

Insurance

c)

Savings

d)

Transfer

4.

BSP stands for__________________________

a)

Banko Sentral ng Pilipinas

b)

Bank Security of the Philippines

c)

Banking System of the Philippines

d)

Bank Statement of the Philippines

5.

Microfinance is also called as ____________

a)

Micro environment

b)

Microeconomics

c)

Microcredit

d)

Micro investor

6.

Microfinance offers financial services except:

a)

Microinsurance

b)

Microinvestment

c)

Microsavings

d)

Microcredit

7.

Microfinance is a financial service that offers loans, savings and insurance to entrepreneurs and small business owners who don't have access to traditional sources of capital, like banks or investors.

a)

True

b)

False

8.

Microfinance institution (MFI) as a financial institution that provides small loans to people who otherwise wouldn’t have access to credit.

a)

True

b)

False

9.

What is the criteria for lending money that talks about giving a property or important thing before you can barrow money from the bank and if you failed to return the money the bank will take that property?

a)

Capital

b)

Capacity

c)

Collateral

d)

Character

10.

The situation of the Loaner to return the barrowed money from the bank on the specific date?

a)

Capital

b)

Condition

c)

Capacity

d)

Collateral