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Philippine Banking
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Philippine Banking

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Questions and Answers

During which era did the first financial institution, Obras Pias, operate in the Philippines?

  • Spanish era (correct)
  • Post-war era
  • American era
  • Japanese era

    • What was the main purpose of Obras Pias?

  • To promote trade between the Philippines and Mexico
  • To facilitate international banking transactions
  • To offer interest-free loans to the public
  • To provide financial support to pious Catholics (correct)

    • When did Obras Pias cease to operate?

  • 1820
  • 16th century
  • 1851 (correct)
  • The present

    • Which race or influence dominated the Philippines during the American era?

    <p>American</p> Signup and view all the answers

    How can the banking history of the Philippines be divided?

    <p>By era and colonization</p> Signup and view all the answers

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