BSP Circle 2024 Quiz

What law established the Bangko Sentral ng Pilipinas as the central monetary authority?

• Republic Act No. 9262

• Republic Act No. 7653

• Republic Act No. 8792

• Republic Act No. 10173

According to the BSP mission, which is one of the key responsibilities of the BSP?

• Manage all commercial banks in the Philippines

• Collect taxes from financial institutions

• Promote financial stability and economic growth

• Provide loans to the public

How many logos has the Central Bank/Bangko Sentral ng Pilipinas had since its creation?

• 4

• 3

• 6

• 5

What was considered the first medium of exchange that replaced the barter system in the Philippines

• Piloncitos

• Cowry Shells

• Reales

• Barilla

During World War II, the Japanese government issued fiat currency in the Philippines that had no backing from reserves or government assets. Due to excessive printing and lack of control over its circulation, the currency rapidly lost value. Filipinos mockingly referred to it as _________.

• Guerilla Money

• Mickey Mouse Money

• War Money

• Pikachu Money

Who was the first Governor of the Central Bank of the Philippines?

• Gabriel Singson

• Miguel Cuaderno, Sr.

• Alfonso Calalang

• Andres Castillo