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Questions and Answers
What is the basic function of the financial system?
What is the basic function of the financial system?
- Moving funds from surplus to shortage through financial markets and intermediaries (correct)
- Managing systemic risk and financial supervision
- Overseeing currency management and monetary operations
- Ensuring 60% of banking system resources are controlled by domestic banks
What is the primary responsibility of Bangko Sentral ng Pilipinas (BSP)?
What is the primary responsibility of Bangko Sentral ng Pilipinas (BSP)?
- Systemic risk management
- Monetary policy and operations (correct)
- Currency management and financial supervision
- Payments and settlements oversight
What is the mandated control requirement for domestic banks in the Philippines?
What is the mandated control requirement for domestic banks in the Philippines?
- 40% of the banking system's resources
- Equal ownership with foreign banks
- 60% of the banking system's resources (correct)
- Majority ownership of Philippine nationals
Which function falls under the responsibilities of Bangko Sentral ng Pilipinas (BSP)?
Which function falls under the responsibilities of Bangko Sentral ng Pilipinas (BSP)?
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What aspect is NOT a responsibility of Bangko Sentral ng Pilipinas (BSP)?
What aspect is NOT a responsibility of Bangko Sentral ng Pilipinas (BSP)?
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