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The History of Financial Institutions in the Philippines

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The History of Financial Institutions in the Philippines

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Questions and Answers

Which century saw the establishment of the first financial institution in the Philippines?

17th century

14th century

16th century (correct)

15th century

What was the purpose of the first financial institution in the Philippines?

To support local agriculture

To manage the country's banking system

To oversee the galleon trade with Mexico (correct)

To facilitate trade with China

What was the name of the first financial institution in the Philippines?

Obras Pias (correct)

Bank of the Philippines

Banco Central

Philippine National Bank

The History of Financial Institutions in the Philippines

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Questions and Answers

Which century saw the establishment of the first financial institution in the Philippines?

What was the purpose of the first financial institution in the Philippines?

What was the name of the first financial institution in the Philippines?

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