6 Questions
What action did Act NO. 52 take in relation to banks in the Philippines?
Placed all banks under the Bureau of Treasury
Who was authorized to supervise and examine banks and banking activities according to Act NO. 52?
The insular Treasurer
What was the role of the First Philippine Commission in relation to Act NO. 52?
Passing the Act NO. 52
What was the primary objective of the particular group of Filipinos in conceptualizing a central bank for the Philippines in 1933?
To establish a centralized monetary authority for the country
What was the influence of the economic provisions of the HARE HAWES CUTTING BILL on the conceptualization of the central bank?
It played a role in shaping the ideas for the central bank
What was the specific result of the careful understanding of the economic provisions of the HARE HAWES CUTTING BILL in relation to the central bank?
The conceptualization of a central bank for the Philippines
Test your knowledge of Philippine banking history with this quiz. Explore Act No. 52 passed by the First Philippine Commission and its impact on the supervision and examination of banks by the insular Treasurer.
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