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Monetary Stabilization and the Role of the Monetary Board

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Monetary Stabilization and the Role of the Monetary Board

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Questions and Answers

What is the role of the Monetary Board in domestic monetary stabilization?

To manage expansion or contraction in monetary aggregates (correct)

To take remedial measures as appropriate

To submit a detailed report to the President and Congress

To analyze changes in domestic output, employment, wages, and economic activity

What action can the Monetary Board take when abnormal movements in monetary aggregates, credit, or prices endanger the stability of the Philippine economy?

Take remedial measures and submit a detailed report (correct)

Make the necessary adjustments to the monetary aggregates

Seek approval from the President and Congress

Analyze the causes of the rise or fall of monetary aggregates

What is included in the detailed report that the Monetary Board must submit?

Analysis of the stability of the Philippine economy

Description and analysis of changes in credit

Extent of changes in domestic output, employment, wages, and economic activity

Causes of the rise or fall of monetary aggregates, credit, or prices (correct)

In what situations does the Monetary Board need to take action?

<p>When abnormal movements in monetary aggregates, credit, or prices endanger the stability of the Philippine economy</p> Signup and view all the answers

What is the purpose of domestic monetary stabilization according to the text?

<p>To attain or maintain price stability</p> Signup and view all the answers

Study Notes

Role of the Monetary Board

The Monetary Board plays a crucial role in domestic monetary stabilization to maintain economic stability in the Philippines.

Actions in Abnormal Situations

When abnormal movements in monetary aggregates, credit, or prices threaten the stability of the Philippine economy, the Monetary Board can take action to mitigate the effects.

Detailed Report

The Monetary Board must submit a detailed report that includes an assessment of the current monetary and credit situation, as well as the measures taken to address any issues.

Situations Requiring Action

The Monetary Board needs to take action in situations where abnormal movements in monetary aggregates, credit, or prices endanger the stability of the Philippine economy.

Purpose of Domestic Monetary Stabilization

The purpose of domestic monetary stabilization is to maintain price stability, promote sustainable economic growth, and maintain a stable financial system.

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Description

Test your knowledge on domestic monetary stabilization and the role of the Monetary Board in maintaining price stability. Explore the actions taken by the board to counter abnormal movements in monetary aggregates, credit, and prices that may threaten the stability of the Philippine economy.