Practice question
Under section 3 as amended by RA 11211, what is the BSP's primary objective?
- To guarantee profits to every individual investor.
- To set every retail price by private contract.
- To maintain price stability conducive to balanced and sustainable economic growth and employment.
- To abolish every financial institution.
- To replace every court.
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
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