FORIO, GINALYN F.

The correct answer is:

Created from the proceed of loans. The borrowers enter an arrangement that the bank places the
loan proceeds under a current account from which he can draw checks eventually. → Derivative
deposits,

Is a government instrumentality created in 1963 by Republic Act 3591, as amended, to insure the
deposits of all banks. → PDIC,

Those which are made “over the counter” when the depositor himself brings his money and/or
checks and other near cash items to the bank and hands them to the teller. → Direct or primary
deposits,

Evidenced by a passbook and can be withdrawn only upon due notice of at least 30 days or
depending upon the individual bank’s policy. → Saving deposit,

The instrument is not endorsed according to the name appearing on its face. → Wrongly endorsed
instruments,

Those which can only be withdrawn after a certain period or designated maturity. → Time
Deposits,

PDIC provides the maximum deposit insurance coverage of _______ per depositor per bank. → P
500,000.00,

Comprise of cash and credit instruments or other items. → Deposit Items,

Those which are withdrawn upon the presentation of checks during banking hours. → Demand
Deposit,
Are represented by money or representative money entrusted to banks for safe keeping. Deposits
are the liabilities of the bank. → Deposits