Practice question
Under New Central Bank Act section 6, which body exercises the BSP's powers and functions?
- Only a private bankers' association.
- The BSP Monetary Board.
- Only any commercial bank's board.
- Only a barangay council.
- Only a private auditor.
Legal references
- New Central Bank Act, RA 7653, sections 6, 14–15, https://lawphil.net/statutes/repacts/ra1993/ra_7653_1993.html
- RA 11211, sections 2–3 amending New Central Bank Act sections 3 and 11, https://lawphil.net/statutes/repacts/ra2019/ra_11211_2019.html
Answer this question in flashcards to review your response and continue practicing.