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WorksheetsBanking & Financial Institutions - Midterm Quiz 3
Total questions: 16
Worksheet time: 12mins
An artificial sea-level waterway in Egypt, connecting the Mediterranean Sea to the Red Sea through the Isthmus of Suez; and dividing Africa and Asia.
(a)
Charitable foundations for the support of hospitals, convents, missions, and schools, as well as chaplaincies, which were established during the colonial period and continued through the first part of the nineteenth century.
(a)
Galleon Trade became the forerunner of the banking institutions in the Philippines.
True
False
His program was to transform the country into a self-sufficient economy and to make it financially independent from Mexico.
(a)
He abolished the monopoly of the Galleon Trade and the privileges of the Royal Company of the Philippines.
(a)
The first Filipino bank.
(a)
It was called Banco Espanol-Filipino de Isabela II.
(a)
The first savings bank.
(a)
It was then called the big bank for the small people.
(a)
In 1929, the Bureau of Treasury took over the supervision of banks.
True
False
The first president and chairman of PNB.
(a)
It serves as the fiscal agent of the Japanese government, it performed some functions of the central bank.
(a)
It was then the sole depository of the Philippine government funds.
(a)
Father of the Central Bank of the Philippines.
(a)
It was established in 1949 to make the monetary and banking system more responsive to the rehabilitation and development of the Philippine economy.
(a)
Essay. 10 points (5-10 sentences)
Explain the principal objectives of Central Bank when it was established.
