1. How would you classify Housing Authority among Fiji's Financial Institutions? A. Investment Company B. Retail Bank. C. Brokerage Firm D. Mortgage Company
1. How would you classify Housing Authority among Fiji's Financial Institutions?
A. Investment Company B. Retail Bank. C. Brokerage Firm D. Mortgage Company
2. Sam's Housing loan from a well-known financial institution was approved three months ago. Last week Sam decided to use parts of the initial proceeds to cover for his child's medical bill abroad. In doing so, Sam has created a situation known as:
A. Credit Rationing B. Adverse Selection C. Moral Hazard D. Restrictive Covenant
3. When individuals withholds personal information from their banker, it is known as:
A. Risk Averse B. Moral Hazard C. Restrictive Covenant D. Adverse Selection
4. Which of these is a form of monetary control?
A. Raising the overnight policy rate B. All the answers are corrrect C. Raising the travel allowance from $500 to $1000 for all locals travelling abroad D. Open Market Operation
5. A Venture Capitalist:
A. Raises equity capital to invest in start-up firms B. Raises equity capital to restucture old firms C. Raises equity capital to acquire shares in other firms D. None of the answers are correct
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