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Philippine Financial System Quiz

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Questions and Answers

What is the basic function of the financial system?

Facilitating international trade transactions

Regulating the stock market and commodity trading

Providing insurance services to individuals and businesses

Moving funds from surplus to shortage through financial markets and intermediaries (correct)

Which institution is the central bank of the Republic of the Philippines?

Development Bank of the Philippines (DBP)

Land Bank of the Philippines (LBP)

Bangko Sentral ng Pilipinas (BSP) (correct)

Philippine Stock Exchange (PSE)

What is the mandated responsibility of BSP regarding the control of banking system resources or assets?

Supervising the investment portfolios of banks

Managing the foreign exchange reserves

Regulating the interest rates on loans and deposits

Ensuring 60 percent control by domestic banks majority-owned by Philippine nationals (correct)

Which of the following is a responsibility of BSP as the central bank?

<p>Monetary Policy</p> Signup and view all the answers

What does the financial system aim to manage in terms of risk?

<p>Systemic Risk</p> Signup and view all the answers

Study Notes

Financial System

The basic function of the financial system is to facilitate the flow of money and credit between savers and borrowers.

Central Bank of the Philippines

The Bangko Sentral ng Pilipinas (BSP) is the central bank of the Republic of the Philippines.

Mandated Responsibility of BSP

The BSP is mandated to control the banking system resources or assets.

Responsibilities of BSP

One of the responsibilities of BSP as the central bank is to regulate the banking system.

Financial System Risk Management

The financial system aims to manage credit risk, liquidity risk, and market risk.

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Description

Test your knowledge of the Philippine financial system with this quiz. Explore topics such as financial markets, intermediaries, and the role of Bangko Sentral ng Pilipinas. Prepare for BA 132 and gain insights into the functioning of the financial system in the Philippines.