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Acctg236 B4B5 Final Exam

Total questions: 35

Worksheet time: 6mins

Name
Class
Date
1.

Which of the following banks is not included in Project Agila?

a)

Maya Philippines Inc.

b)

Metropolitan Bank & Trust Co.

c)

Union Bank of the Philippines

d)

China Banking Corp.

2.

This is the income received from the factors of production.

a)

Factor Income

b)

Consumer Expenditure

c)

Gross Domestic Product

d)

Value Added

3.

The Philippine government falls under this major economic sector.

a)

Public Sector

b)

Consumer Sector

c)

Business Sector

d)

Foreign Sector

4.

It is a venue where buyers (users) and sellers (providers) meet.

a)

Market

b)

Rendezvous

c)

Counter

d)

Bank

5.

Among the tips given by different financial advisers, which of these was not one of them?

a)

Do not buy luxury items.

b)

Start a budget.

c)

Build your emergency fund.

d)

Invest early and consistently.

6.

It is a self-regulatory organization that provides and ensures a fair, efficient, transparent and orderly market for the buying and selling of securities.

a)

Philippine Stock Exchange

b)

Financial Executives of the Philippines

c)

Anti-Money Laundering Council 

d)

Bangko Sentral ng Pilipinas

7.

Which credit rating agency has said that Philippine banks are well placed to ride the country's robust economic growth in 2024?

a)

S&P Global Ratings

b)

Moody's

c)

Fitch

d)

Bangko Sentral ng Pilipinas

8.

CPI stands for

a)

Credit Performance Index

b)

Consumer Performance Index

c)

Consumer Price Inflation

d)

Consumer Price Index

9.

This is a form of digital money denominated in the national unit of account and are direct liabilities of the central bank.

a)

Fiat

b)

Cryptocurrency

c)

Non-Fungible Tokens

d)

Central Bank Digital Currency

10.

What does FDI stand for?

a)

Federal Department of Internal Affairs

b)

Federal Development Institute

c)

Foreign Direct Investment

d)

Foreign Development Initiative

11.

BDO Capital & Investment Corporation (BDO Capital) facilitated a landmark deal in relation to the PHP__________ investment of Aboitiz Infracapital, Inc. (AIC) in GMR-Megawide Cebu Airport Corporation (GMCAC), the developer and operator of the award-winning Mactan Cebu International Airport.

a)

PHP25 million

b)

PHP25 billion

c)

PHP250 million

d)

PHP2.5 trillion

12.

Which of the following is a secondary market transaction?

a)

You sell 200 shares of SMC stock in the open market.

b)

SMC issues 2 million shares of new stock to the public.

c)

None of the choices here

13.

What is the Philippines' growth target for 2024?

a)

At least 6.5%

b)

5.6%

c)

At least 7.5%

d)

2.1%

14.

Money markets are markets for

a)

Foreign currency exchange.

b)

Corporate stocks.

c)

Short-term debt securities.

d)

Long-term bonds.

15.

Who is the Finance Secretary of the Philippines effective January 11, 2024?

a)

Benjamin Diokno

b)

Ralph Recto

c)

Carlos Dominguez III

d)

Margarito Teves

16.

It a Paris-based money laundering and terrorist financing watchdog.

a)

Anti-Money Laundering Council

b)

Financial Action Task Force

c)

International Monetary Fund

d)

World Bank

17.

You recently sold 200 shares of San Miguel Corporation stock to your brother.  This is an example of

a)

A secondary market transaction.

b)

A money market transaction.

c)

A primary market transaction.

d)

A futures market transaction.

18.

Which of the following is the appropriate compensation for entrepreneurship?

a)

Wages

b)

Interest

c)

Rent

d)

Profits

19.

Which of the following is not a factor of production?

a)

Garden tractors

b)

The Pasig River

c)

Teachers

d)

A P500 bill

20.

This sector of the economy is the product market, composed of business organizations established for profit.

a)

Public Sector

b)

Consumer Sector

c)

Business Sector

d)

Foreign Sector

21.

This is the market where business firms offer their final goods to households.

a)

Input markets

b)

Output markets

c)

Financial markets

d)

Wet markets

22.

It shall promote financial stability and closely work with the National Government, including, but not limited to, the Department of Finance, Securities and Exchange Commission, the Insurance Commission, and the Philippine Deposit Insurance Corporation.

a)

Financial Executives of the Philippines

b)

Bangko Sentral ng Pilipinas

c)

Cooperative Development Authority

d)

Philippine Stock Exchange

23.

According to Ramsey Solution's National Study of Millionaires, which of the following is NOT part of the top 5 careers of millionaires?

a)

accountant

b)

engineer

c)

teacher

d)

government official

24.

This is the amount of money a lender or financial institution receives for lending out money.

a)

Dividends

b)

Interest Rate

c)

Inflation

d)

Growth Rate

25.

This organization helps its members to be well–rounded financial executives, responsive to the changing needs of the profession and the financial services industry, conscious of good governance principles and high ethical conduct

a)

Securities and Exchange Commission

b)

Philippine Stock Exchange

c)

Financial Executives of the Philippines

d)

Chamber of Pawnbrokers of the Philippines

26.

It is composed of the Governor of the Bangko Sentral ng Pilipinas as Chairman, and the Commissioner of the Insurance Commission and the Chairman of the Securities and Exchange Commission as members.

a)

Chamber of Pawnbrokers of the Philippines

b)

Philippine Deposit Insurance Corporation

c)

Philippine Clearing House Corporation

d)

Anti-Money Laundering Council 

27.

This is a type of mortgage offered to borrowers with low credit scores or other credit issues.

a)

Prime mortgage

b)

Subprime mortgage

c)

Collateralized Debt Obligation (CDO)

d)

Mortgage-Backed Securities

28.

It is a complex structured finance product that is backed by a pool of loans and other assets and sold to institutional investors.

a)

Subprime mortgage

b)

Mortgage-Backed Securities (MBS)

c)

Housing Bubble

d)

Collateralized Debt Obligation (CDO)

29.

It is a virtual currency generally not issued by any central authority, which makes them immune to government interference or manipulation.

a)

Cryptocurrency

b)

Blockchain

c)

Fiat

d)

Non-fungible token (NFT)

30.

According to FINEX, it is the ability to make appropriate decisions in managing an individual’s personal finances.

a)

Academic skills

b)

Financial literacy

c)

Emotional maturity

d)

Self-awareness

31.

If expected inflation increases, interest rates are likely to increase.

a)

True

b)

False

32.

When a company issues new bonds, it is a primary market transaction.

a)

True

b)

False

33.

An investor asks his broker to purchase 1,000 shares of Microsoft common stock is a secondary market transaction.

a)

True

b)

False

34.

It is the first and only organization to serve and to represent the best interests of the firms and individuals involved in the aspects of the pawn brokering industry.

a)

National Pawnbrokers Association

b)

National Pawnfinders Association

c)

Chamber of Pawnbrokers of the Philippines Inc.

d)

Philippine Institute of Pawnbrokers

35.

Who is the Chair of the Accountancy Department of CIT University?

a)

Sarah Geronimo

b)

Sarah Gabriel

c)

Alexander Franco Delantar

d)

Lucita Adelan