FM 106-Final Examination

Question 1

This test is a detailed analysis of accounts – such as not due, 30 days past due

Accepted Answer

Aging of Accounts

Question 2

11. It affects the level of interest rates and the availability of funds which impacts on both the creditors’ appetites.

Accepted Answer

Monetary policy

Question 3

It is conducted to affix a value on a property or properties offered as collateral to secure a loan accommodation.

Accepted Answer

Appraisal

Question 4

14. It is done by taking a cursory review of the application whether this is accurately and completely filled up.

Accepted Answer

Pre-screening

Question 5

1. The SEC shall submit an annual report to Congress on the status of the implementation of this Act.

Accepted Answer

Annual Report

Question 6

4. this is executed by a borrower who has a huge property and has assigned a trustee/custodian of this property.

Accepted Answer

Mortgage Trust Indenture

Question 7

10. is a general guideline on how to act in ordinary or extra-ordinary situations that recur from time to time.

Accepted Answer

policy

Question 8

15. It refers to the inspection of applicant’s residence address or locality and verification with the nearest neighbors

Accepted Answer

Residence/Neighborhood Verification

Question 9

5. itis the transfer or setting over of deposit from one person to another.

Accepted Answer

Hold-Out on Deposits

Question 10

This provides information on sales/net income figures, industry and company profiles.

Accepted Answer

Top 1,000 Corporations

Question 11

It s imposed on financing and lending companies are prescribed in Section 5, and are potentially steeped.

Accepted Answer

penalties

Question 12

12. It refers to gathering of additional or confirmation of information related to the applicant’s job.

Accepted Answer

Employment Verification

Question 13

This Act shall take effect fifteen (15) days following its publication in the Official Gazette.

Accepted Answer

Effectivity Clause

Question 14

13. It is done cognizant of the general policy, program thrusts, strategies and targets of the company.

Accepted Answer

Target market identification

Question 15

8. This test of credit management measures the proportion of all past due accounts, in amount or in number.

Accepted Answer

Past Due Index

Questions 15