PM223-QUIZ

What is the primary objective of the Bangko Sentral ng Pilipinas (BSP)?

• Financial stability
  

• Price stability
  

• Economic expansion

• Currency appreciation

Which of the following is not one of the three pillars of the BSP?

• Price Stability

• Consumer Protection

• Financial Stability

• Efficient Payment and Settlement System

The Consumer Price Index (CPI) is primarily used to measure:

• GDP growth

• Unemployment rate

• Inflation rate

• Exchange rate fluctuations

The BSP replaced the Central Bank of the Philippines due to:

• Excessive independence from the government

• Financial difficulties and lack of autonomy

• Overregulation of the financial market

• A mandate from the International Monetary Fund

In what year was the Bangko Sentral ng Pilipinas (BSP) officially established?

• 1949

• 1972

• 1993

• 2002

Refers to the general increase in prices over time.

11. The Monetary Board is composed of ______ members, including the BSP governor.

BSP ensures financial ________ by monitoring banking operations and enforcing regulations.

______ supervises and regulates financial institutions in the Philippines.

The BSP was granted ______ from the national government for financial independence.