Practice question
The amended PDIC Charter's insured-deposit definition concerns an amount due to whom?
- Every shareholder for the market value of bank stock.
- A bona fide depositor for legitimate deposits in an insured bank.
- Every bondholder for every bond investment.
- Every visitor entering the bank.
- Only the bank president.
Legal references
- PDIC Charter as amended by RA11840, Sections5 and12–16: https://lawphil.net/statutes/repacts/ra2022/ra_11840_2022.html
- PDIC official Q&A on new MDIC, effective March15 2025: https://www.pdic.gov.ph/files/ccd/Q%26A%20on%20the%20New%20MDIC.pdf
Answer this question in flashcards to review your response and continue practicing.