Podcast
Questions and Answers
Which factor contributed to concerns of oligopoly in the banking sector in the Philippines?
Which factor contributed to concerns of oligopoly in the banking sector in the Philippines?
Which action led to stability in the Philippines but resulted in decreased output and increased unemployment?
Which action led to stability in the Philippines but resulted in decreased output and increased unemployment?
Which consequence was observed when rapid money supply growth was implemented to stabilize the economy in the Philippines?
Which consequence was observed when rapid money supply growth was implemented to stabilize the economy in the Philippines?
What did the Philippines experience due to economic and political events?
What did the Philippines experience due to economic and political events?
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Which type of depositors in the Philippines earned the highest interest rates on their savings in 1988?
Which type of depositors in the Philippines earned the highest interest rates on their savings in 1988?
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What was the average interest rate earned by small savers on their savings in 1988?
What was the average interest rate earned by small savers on their savings in 1988?
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How much did the interest rates differ for six-month and twelve-month time deposits in the Philippines in 1988?
How much did the interest rates differ for six-month and twelve-month time deposits in the Philippines in 1988?
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What percentage of total bank deposits did savings deposits account for in the Philippines?
What percentage of total bank deposits did savings deposits account for in the Philippines?
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Why were interest rates of time deposits bid up in the Philippines?
Why were interest rates of time deposits bid up in the Philippines?
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Study Notes
Banking Sector in the Philippines
- Concentration of banking assets in a few large banks contributed to concerns of oligopoly in the banking sector in the Philippines.
Economic Stability and Unemployment
- The introduction of monetary and fiscal policies led to stability in the Philippines but resulted in decreased output and increased unemployment.
Monetary Policy and Its Consequences
- Rapid money supply growth was implemented to stabilize the economy in the Philippines, but it led to high inflation.
Economic and Political Events
- The Philippines experienced economic instability and crisis due to economic and political events.
Interest Rates in the Philippines
- In 1988, large depositors earned the highest interest rates on their savings.
Savings Interest Rates
- The average interest rate earned by small savers on their savings was around 10% in 1988.
Time Deposit Interest Rates
- In 1988, the interest rates for six-month and twelve-month time deposits differed by around 2%.
Savings Deposits
- Savings deposits accounted for around 40% of total bank deposits in the Philippines.
Time Deposit Interest Rates
- Interest rates of time deposits were bid up in the Philippines due to high demand.
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Description
Test your knowledge on the banking sector and money supply fluctuations in the Philippines. Assess your understanding of interest rates, oligopoly concerns, and the consequences of rapid money supply growth. Challenge yourself with this quiz and expand your knowledge on the country's financial landscape.
