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Philippine Financial System Quiz
5 Questions
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Philippine Financial System Quiz

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@TransparentPeninsula

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Questions and Answers

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)?

  • 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?

  • 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)?

    <p>Financial supervision</p> Signup and view all the answers

    What aspect is NOT a responsibility of Bangko Sentral ng Pilipinas (BSP)?

    <p>Fiscal and administrative autonomy</p> Signup and view all the answers

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