10 Questions
The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) meets at least once a week.
True
The Monetary Board has the authority to ________________________ personnel of the BSP.
• promote • transfer • assign, or reassign
The BSP determines the ________________________ rate policy of the Philippines.
Exchange
How many Monetary Board members are appointed by the President of the Philippines?
Seven or 7
____ adopted the provisions on the CMA from the 1973 Constitution that were aimed essentially at establishing an independent monetary authority through increased capitalization and greater private sector representation in the Monetary Board.
The 1987 Constitution/1987 Constitution
The BSP formulates and implements monetary policy aimed at influencing money supply consistent with its primary objective to maintain price stability.
Liquidity Management
Who is The BSP Monetary Board chairman?
Eli M. Remolona, Jr.
What are the 3 essential features of banking activities
- accepting deposits from the public;
- lending or investment of such deposits;
- incidental to the activities of accepting deposits for lending or investing
The thrift banking system is composed of savings and mortgage banks, private development banks, stock savings and loan associations and microfinance thrift banks.
Thrift Banks
What are the Monetary Policies?
• Legal Reserve Requirement • Rediscounting • Discounting • Open Market Operations • Selective Credit Control • Moral Suasion
This quiz is about the Bangko Sentral ng Pilipinas, the central bank of the Philippines, and its Monetary Board. Test your knowledge on the frequency of their meetings.
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