Practice question
Who may determine other bank classifications under section 3.2(g)?
- Any advertising agency
- Any borrower
- Only a bank’s cashier
- The Monetary Board of the BSP
- Only a local mayor
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
Answer this question in flashcards to review your response and continue practicing.