Directions: Select the best answer and write on the space provided before the number. 1. The following is document required for housing loan except: a. Completed and signed housing application b. ITR, COE and two months pay slip for employed applicant c. Photocopy of DTI and SEC registration and audited financial statements for 2 years and other proof of income from self-employment. d. Validated ACR indicating Visa Status as Permanent Immigrant, or AEP, or Visa ID. 2. It is an act as a financial intermediary by pooling together the proceeds of insurance policies sold to the public and investing the accumulated funds in high yield maturing securities from investment houses. a. Commercial Bank c. Expanded Commercial Bank b. Expended Commercial bank d. Commerce 3. The process of application requires thorough background investigation of the borrowers aside from too many documentation requirements. a. Credit c. Loan b. Mortgage d. Invesment 4. The requirements and eligibility for personal loans are : I. Commercial banks are fewer in numbers but they dominate the banking sector. Il. Character loan considers the personality of the borrower. Ill. In housing loan, the banks will hold the mortgage property as collateral until payment are made in full. a. Only I and ll are true c. Only I and Ill are true b. Only II and Ill are true d. all the statement are true5. It is the financial arrangement where borrower who receives money from a lender agrees to repay the principal along with interest within the specific period of time a. Laon C. Loan b. Debit d. Credit 6. The following statements are true, except: a. In Personal Loan, must have correct contact number in the account of the borrower b. In Housing Loan, the borrower must be a Filipino citizen. c. One way by which consumers can make an auto loan is get cash loan not using your existing car as collateral. d. The principal is the amount borrowed. 7. It allows an individual to buy a vehicle that is more expensive than what could be afforded in a lump sum, or cash purchase. a. Housing Loan c. Personal Loan b. Salary Loan d. Car Loan 8. The general rule is the higher a borrower the higher the like hood of receiving approval. a. Debit Score c. Credit Score b. Credit rating d. Credit information 9. It means to provide funding for a particular need. . a. Investing C. Financing b. Accounting d. Budgeting 10. The method of raising capital by selling company stock to investors (stockholders) in exchange of ownership interests in the company. a. Bond Financing c. Debt financing b. Equity financing d. Credit financing 11-15 Give the 5 C's of Credit and define each