The Role of the BSP in Money
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Questions and Answers

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?

  • 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?

  • 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)

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