Practice question
Explain three institutional duties under New Central Bank Act Section15: reporting issued rules and regulations, supervising legal units, and adopting the annual budget. Identify the responsible body and any express time or legality condition.
Legal references
- RA7653 New Central Bank Act: https://lawphil.net/statutes/repacts/ra1993/ra_7653_1993.html Section15(a),(b),(d).
Answer this question in flashcards to review your response and continue practicing.