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Questions and Answers
A vacancy in the Monetary Board created by the death or resignation of any member shall not be filled by the appointment of a new member.
A vacancy in the Monetary Board created by the death or resignation of any member shall not be filled by the appointment of a new member.
False
The Governor of the Monetary Board must be at least 35 years old.
The Governor of the Monetary Board must be at least 35 years old.
False
Members of the Monetary Board coming from the private sector are allowed to hold other public offices or public employment during their tenure.
Members of the Monetary Board coming from the private sector are allowed to hold other public offices or public employment during their tenure.
False
A person who has been connected directly with any multilateral banking or financial institution within two years prior to their appointment can be a member of the Monetary Board.
A person who has been connected directly with any multilateral banking or financial institution within two years prior to their appointment can be a member of the Monetary Board.
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The President cannot remove a member of the Monetary Board from the board.
The President cannot remove a member of the Monetary Board from the board.
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The Monetary Board of the Bangko Sentral consists of nine members appointed by the President of the Philippines.
The Monetary Board of the Bangko Sentral consists of nine members appointed by the President of the Philippines.
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Members of the Monetary Board serve terms of five years and may be removed at will.
Members of the Monetary Board serve terms of five years and may be removed at will.
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The Governor of the Bangko Sentral can be reappointed to the Monetary Board more than twice.
The Governor of the Bangko Sentral can be reappointed to the Monetary Board more than twice.
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The Monetary Board has a member who is not appointed by the President of the Philippines.
The Monetary Board has a member who is not appointed by the President of the Philippines.
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The Governor of the Bangko Sentral is not the head of a department.
The Governor of the Bangko Sentral is not the head of a department.
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