Philippine Bar review · Question

Practice question: Definition and Classification of Banks

Multiple Choice Easy

Practice question

Which is expressly a thrift-bank component under section 3.2?
  1. Only stock exchanges
  2. Only insurance brokers
  3. Savings and mortgage banks
  4. Only pawnshops
  5. Only payment-system operators

Legal references

  • https://lawphil.net/statutes/repacts/ra2000/ra_8791_2000.html — RA 8791, sections 3 and 6
  • https://www.bsp.gov.ph/Regulations/Issuances/2020/c1105.pdf — BSP Circular 1105 (2020), digital-bank classification

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