Practice question
What does the Charter require concerning a passbook, certificate, or other deposit record relied on for depositor recognition?
- It must merely look attractive.
- It must be handwritten only.
- It must always be printed abroad.
- PDIC must determine it is an authentic document or record of the issuing bank.
- It must have the largest number on the cover.
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.