BSP Quiz
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Questions and Answers

Which bank took over from the Central Bank of the Philippines as the country's central monetary authority?

  • Bangko Sentral ng Pilipinas (correct)
  • Bank of the Philippines
  • National Government Bank
  • New Central Bank

What is the primary role of the BSP?

  • Establishing a safe and efficient payments system
  • Providing fiscal and administrative autonomy
  • Promoting and maintaining price stability (correct)
  • Supporting a strong economy globally

When was the BSP established?

  • 3 July 1949
  • 3 January 1993
  • 3 July 1993 (correct)
  • 3 January 1949

Which government document established the Bangko Sentral ng Pilipinas (BSP)?

<p>The New Central Bank Act of 1993 (D)</p> Signup and view all the answers

What is the main objective of the BSP?

<p>To promote and maintain price stability (B)</p> Signup and view all the answers

What is the vision of the BSP?

<p>To support a strong economy and promote a high quality of life for Filipinos (D)</p> Signup and view all the answers

Which government document established the Bangko Sentral ng Pilipinas (BSP)?

<p>The New Central Bank Act of 1993 (B)</p> Signup and view all the answers

What is the primary role of the BSP?

<p>To promote and maintain price stability (C)</p> Signup and view all the answers

What is the BSP's vision?

<p>To support sustainable and inclusive growth of the economy (B)</p> Signup and view all the answers

Flashcards

BSP's primary role

Promoting and maintaining price stability in the Philippines.

BSP's main objective

Supporting a strong Philippine economy and a good quality of life.

BSP establishment date

3 July 1993.

BSP establishing law

The New Central Bank Act of 1993.

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BSP's vision

Supporting sustainable and inclusive economic growth.

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Central Bank of the Philippines replacement

The Bangko Sentral ng Pilipinas (BSP).

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BSP's purpose

Promoting and maintaining stable prices

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BSP's vision (alternative)

Support a strong economy/high quality of life for Filipinos

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BSP establishment document

The New Central Bank Act of 1993

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Study Notes

Bangko Sentral ng Pilipinas (BSP)

  • The Bangko Sentral ng Pilipinas (BSP) took over from the Central Bank of the Philippines as the country's central monetary authority.

Establishment and Role

  • The Bangko Sentral ng Pilipinas (BSP) was established in 1993.
  • The primary role of the BSP is to maintain price stability and promote a stable financial system.
  • The BSP was established through Republic Act No. 7653.

Objectives and Vision

  • The main objective of the BSP is to maintain price stability and promote a stable financial system.
  • The vision of the BSP is to be a world-class monetary authority, promoting a strong and stable financial system.

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Description

Test your knowledge about the Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines. Learn about its establishment, functions, and role as the country's central monetary authority. Challenge yourself with this quiz and become an expert on the BSP.

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