Which is not true about the Banko Sentral ng Pilipinas and the Philippine banking industry? a. Banks

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Which is not true about the Banko Sentral ng Pilipinas and the Philippine banking industry?

a. Banks are engaged in lending of cash which was acquired from the public in the form of deposits.

b. One of the powers that the Universal bank can exercise includes the power of an investment house.

c. The members of the monetary board of the Banko Sentral ng Pilipinas are appointed by the president of the Philippines.

d. Banko Sentral ng Pilipinas is the primary government agency that facilitates the planning and implementation of fiscal policies.

Related Book For answer-question

Physics Principles with Applications

ISBN: 978-0321762429

7th edition

Authors: Douglas C. Giancoli

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Posted Date: Mar 23, 2022 12:37 AM

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Which is not true about the Banko Sentral ng Pilipinas and the Philippine banking industry? a. Banks

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The Bangko Sentral ng Pilipinas BSP is the central bank of the Republic of the Philippines It was established on 3 July 1993 pursuant to the provisions of the 1987 Philippine Constitution and the New ... View the full answer

Physics Principles with Applications

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