Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
Which of the following is NOT a responsibility of the BSP?
Which of the following is NOT a responsibility of the BSP?
- Exercising regulatory and examination powers over money service businesses (correct)
- Providing policy directions in the areas of money, banking, and credit
- Exercising regulatory and examination powers over payment system operators
- Supervising the operations of the banks
What is the main purpose of the BSP?
What is the main purpose of the BSP?
- To provide policy directions in the areas of money, banking, and credit (correct)
- To exercise regulatory and examination powers over payment system operators
- To exercise regulatory and examination powers over money service businesses
- To supervise the operations of the banks
Which law grants the BSP its regulatory and examination powers?
Which law grants the BSP its regulatory and examination powers?
- Republic Act No. 11211 (The New Central Bank Act, as amended) (correct)
- Republic Act No. 11212 (The New Central Bank Act, as amended)
- Republic Act No. 11213 (The New Central Bank Act, as amended)
- Republic Act No. 11210 (The New Central Bank Act, as amended)
