Podcast
Questions and Answers
Oldest existing bank in the country- Bank of the Philippine ______
Oldest existing bank in the country- Bank of the Philippine ______
Islands
Created to manage the monetary system in the PhilippinesCentral ______
Created to manage the monetary system in the PhilippinesCentral ______
Bank
The first mutual savings bank in the country.- Monte de Piedad and Savings ______
The first mutual savings bank in the country.- Monte de Piedad and Savings ______
Bank
This is a city bank that holds deposits for the small ______
This is a city bank that holds deposits for the small ______
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This includes informal methods, such as published speeches, letters, or guidelines, used by the Central Bank to persuade member banks to adopt a particular behavioral pattern. Moral ______
This includes informal methods, such as published speeches, letters, or guidelines, used by the Central Bank to persuade member banks to adopt a particular behavioral pattern. Moral ______
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First state bank in the Philippines- ______ 2
First state bank in the Philippines- ______ 2
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First loan association- Rodriguez Bank 3
First loan association- Rodriguez Bank 3
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Sole source of commercial credit in the 16th century- Obras Pias (Pious Works) 4
Sole source of commercial credit in the 16th century- Obras Pias (Pious Works) 4
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Banco Espanol-Filipino de Isabel II changed its name in 1912 to.______ 6
Banco Espanol-Filipino de Isabel II changed its name in 1912 to.______ 6
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Created to manage the monetary system in the Philippines______ 8
Created to manage the monetary system in the Philippines______ 8
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Study Notes
Banking History in the Philippines
- The oldest existing bank in the Philippines is Bank of the Philippine Islands (BPI).
- Central Bank was established to manage and regulate the monetary system in the Philippines.
- Monte de Piedad and Savings Bank is recognized as the first mutual savings bank in the country.
- A specific city bank serves to hold deposits primarily for small-scale depositors.
Monetary Policies and Regulations
- Moral suasion refers to informal methods employed by the Central Bank to influence member banks' behaviors, using media like speeches and letters.
Significant Banking Institutions
- The first state bank in the Philippines is known as El Banco Español-Filipino.
- Rodriguez Bank holds the distinction of being the first loan association in the country.
Historical Lending Sources
- Obras Pias (Pious Works) served as the sole source of commercial credit during the 16th century in the Philippines.
- Banco Espanol-Filipino de Isabel II underwent a name change in 1912, reflecting its adaptation to changing financial landscapes.
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Description
Test your knowledge of the history of banking in the Philippines with this quiz. From the first state bank to the evolution of mutual savings banks, this quiz will challenge your understanding of the country's financial institutions.
