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Questions and Answers
Bank management deals with financial relations unrelated to banking activities.
Bank management deals with financial relations unrelated to banking activities.
False (B)
A bank management system primarily focuses on minimizing profit to ensure long-term sustainability.
A bank management system primarily focuses on minimizing profit to ensure long-term sustainability.
False (B)
Risk management in bank management does not include credit risks.
Risk management in bank management does not include credit risks.
False (B)
The duty of a bank manager involves supervising the recruitment of tellers.
The duty of a bank manager involves supervising the recruitment of tellers.
A bank manager is responsible for preparing and analyzing the branch's financial statements.
A bank manager is responsible for preparing and analyzing the branch's financial statements.
The importance of Bank Management includes managing capital adequacy.
The importance of Bank Management includes managing capital adequacy.
The Bangko Sentral ng Pilipinas (BSP) was established on 3 July 1993.
The Bangko Sentral ng Pilipinas (BSP) was established on 3 July 1993.
The BSP enjoys fiscal and administrative autonomy from the National Government.
The BSP enjoys fiscal and administrative autonomy from the National Government.
The primary objective of the BSP is to promote and maintain monetary instability.
The primary objective of the BSP is to promote and maintain monetary instability.
The BSP does not supervise operations of banks.
The BSP does not supervise operations of banks.
The Philippine Deposit Insurance Corporation (PDIC) is mentioned in the text before the section about the objectives of the BSP.
The Philippine Deposit Insurance Corporation (PDIC) is mentioned in the text before the section about the objectives of the BSP.
One of the functions of the BSP is to oversee payments and settlements system.
One of the functions of the BSP is to oversee payments and settlements system.
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