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.

(a)  

11. The Monetary Board is composed of (a)   members, including the BSP governor.

BSP ensures financial (a)   by monitoring banking operations and enforcing regulations.

(a)   supervises and regulates financial institutions in the Philippines.

The BSP was granted (a)   from the national government for financial independence.