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Philippine Monetary Aggregates

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Questions and Answers

What is the primary goal of the Bangko Sentral in managing its foreign asset position?

To have equivalent foreign exchange assets and liabilities

To maintain a net positive foreign asset position (correct)

To ensure gross foreign exchange liabilities exceed gross foreign exchange assets

To maintain a net negative foreign asset position

What happens if the equivalent amount in pesos of the foreign exchange liabilities of the Bangko Sentral exceeds twice the equivalent amount in pesos of the foreign exchange assets?

The Bangko Sentral will submit a report to the Congress within 60 days (correct)

The Bangko Sentral will impose emergency restrictions on exchange operations

The Bangko Sentral will pay off the liabilities within 30 days

The Bangko Sentral will submit a report to the Congress immediately

What is the purpose of the report submitted by the Bangko Sentral to the Congress?

To explain the origin of the liabilities and the plan to pay them off (correct)

To request additional funding

To announce the maintenance of a net positive foreign asset position

To justify the imposition of emergency restrictions

What is the consequence of the Bangko Sentral's foreign exchange liabilities exceeding twice its foreign exchange assets?

The Bangko Sentral must submit a report to the Congress Signup and view all the answers

What is the primary responsibility of the Bangko Sentral in managing its foreign exchange assets and liabilities?

To maintain a stable foreign asset position Signup and view all the answers

Under what circumstances may the Bangko Sentral impose emergency restrictions on exchange operations?

During times of economic crisis or instability Signup and view all the answers

What is the timeframe for the Bangko Sentral to submit a report to the Congress in the event of exceeding the foreign exchange liability limit?

60 days Signup and view all the answers

What is the significance of the foreign exchange liability limit in the management of the Bangko Sentral's foreign asset position?

It triggers the submission of a report to the Congress when exceeded Signup and view all the answers

What is the purpose of maintaining a net positive foreign asset position?

To ensure financial stability and confidence in the economy Signup and view all the answers

What is the relationship between the Bangko Sentral's foreign exchange assets and liabilities when the foreign exchange liability limit is exceeded?

The foreign exchange liabilities are twice the foreign exchange assets Signup and view all the answers