Practice question
Which funding method is central to RA 8791’s quasi-bank definition?
- Only ordinary retail sales
- Borrowing through the specified deposit-substitute transactions for relending or purchasing receivables and obligations
- Only donations from relatives
- Only collection of court fines
- Only selling used equipment
Legal references
- https://lawphil.net/statutes/repacts/ra2000/ra_8791_2000.html — RA 8791, sections 3, 4, 6 and 79–83
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