- 1. Refers to an entry in the book of bank showing its obligation to a customer.
A) Bookkeeping
B) merchandise form of credit
C) standard of deferred value
D) Loans
E) standard of value
- 2. is non-cash form, and its sources are retail outlets and like
A) Direct loans
B) Book keepings
C) Credit
D) merchandise form of credit
E) Debt
- 3. When credit decreases, prices tend to decrease.
A) None of these
B) False
C) True
- 4. Money serve as a yardstick for measuring prices and value when comparing items
A) Standard value
B) Preferred value
C) Money value
D) Standard of deferred value
- 5. Anyone who sign a note in additional to the borrower is called
A) quarantor
B) None of these
C) All of these
D) co-maker
- 6. The following are example of function of money, except:
A) Medium of exchange
B) Unit of account
C) Standard of value
D) Store value
- 7. It is the ability to obtain a thing of value in exchange for a promise to pay a definite sum of money on demand.
A) Co- maker
B) Creditor
C) Debtor
D) Lending
- 8. These are also obtained to finance the buying of goods from other countries.
A) Export credit
B) None of these
C) Import credit
- 9. The borrower gets the entire amount applied for and upon maturity of the loan, he pays the principle plus the interest.
A) House loans
B) Direct loans
C) Real state credit
D) Investment credit
- 10. Credit risk shall be borne by the debtor.
A) False
B) Maybe
C) True
- 11. this classification of credit is also called credit.
A) investment credit
B) bank credit
C) Diko pa alam haha
D) real state credit
E) agricultural credit
- 12. A person who obtain the money, goods or services in exchange of his promise to pay at a future date.
A) Co- maker
B) Debtor
C) Quantor
D) Creditor
- 13. Money value can be stored into
A) None of these
B) Diko pa alam
- 14. This is something of value or the debtor's assets that can be used as pledge.
A) Collateral
B) Asset
- 15. Payment is monthly and down payment is needed before the unit purchased on credit is delivered.
A) Installment account
B) Investment account
C) Credit account
D) Bank account
- 16. Credit is always expressed in the Goods term.
A) False
B) Maybe
C) True
- 17. The borrowed can obtain funds from the creditor up to a certain amount agree upon.
A) Long term loans
B) Maximum loan commitment
C) Credit document
A) A day or more after the credit is obtained
B) A day more after credit obtained for future
- 19. The more the unstable the value money, the greater is possibility of approving credit.
A) False
B) True
C) Maybe
- 20. Refers to the cost associated with a company's main operating activities and which are reported in its income statement.
A) Operating expenses
B) Credit documents
C) Maximum loans
D) Operating liabilities
- 21. Credit must trust the debtor's personal character as measure of the latter's capacity to pay. This foundation pf credit is
A) Condition
B) Character
C) Confidence
D) Capacity
- 22. The word of credits comes from the "credere" which means to trust.
A) Greek
B) Spanish
C) Latin
- 23. A person who lends his money, goods or services for the right to collect on demand or at a future determinable time.
A) Debtor
B) Creditor
C) Co- maker
- 24. It is intended to finance industries like logging, fishing, mining, and quarry
A) Economic credit
B) Industrial credit
C) Housing credit
- 25. When lender is capable to collect a debt, he takes a loss.
A) False
B) True
C) Maybe
- 26. Are payable beyond 5 years, and usually up to 15 yrs. to 20 years
A) Long term loans
B) Short term loans
- 27. It is the written agreement signed by both parties identifying personal loan, interest and maturity date other supporting papers to determine the debtor and credit rating.
A) Merchandise form of credit
B) Credit documents
C) Advantage of credit
- 28. Credit is always expressed in term of barter
A) Exchange with currency
B) Exchange goods and services
C) Currency matters
- 29. which of the following is the example of the written agreement document?
A) Diko yan alam
B) All of these
C) Bahala na
D) Sabi lahat daw
- 30. If the purchasing power continues to increase faster than the supply of goods and services, price will continues to rise
A) True
B) False
C) Maybe
- 31. Credit helps expand the purchasing power of every member of the business community from producer to ultimate consumer
A) Credit documents
B) Advantage of credit
C) Merchandise form of credit
- 32. Credit always involves in 2 parties; the
A) creditor and debtors
B) Borrowers and investors
- 33. Extending credit always involves a risk.
A) False
B) Maybe
C) True
- 34. When the obligations are supported by a written promise as for instance,promissory note or a trade acceptance.
A) Expressed
B) Common
C) Deferred
D) Preferred
- 35. In what five C's of Credit, that is common practices is for collateral to 40% higher than the amount of loan?
A) Higher collateral
B) Collateral
- 36. The disadvantages of credit are:
A) None of these
B) True
C) False
- 37. who will borne by the credit risk?
A) Debtors
B) Creditors
- 38. What will happen to the lender who is unable to collect a debt.
A) Loss
B) Winning
C) Losses
A) Collateral
B) Capacity
C) Condition
- 40. It is the ability to obtain a things of value in exchange for a promise to pay.
A) Credit
B) Debit
- 41. It is a system of exchange where goods or services are directly exchanged for other goods or service with/out using medium of exchange
A) Barter
B) Exchange
- 42. Owing to the observation that business can be expanded or contracted rapidly through the use of credit.
A) Advantages of credit
B) Credit documents
- 43. Interest is usually expressed as a
A) Percentage
B) Percent
C) Rate
- 44. The following are example of outstanding benefits to society except:
A) Skzhsh
B) Economic
C) Hzhzjs
D) Hsjsks
- 45. The disadvantages of credit is:
A) Hsjskskw
B) Lsbxkxmw
C) None of these
D) Hzsklsjs
- 46. The more unstable the value of money, the greater is the possibility of approving credit.
A) False
B) True
C) Maybe
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