Practice question
Which is expressly included in the definition of a Financial Account under RA 12010?
- Only a paper savings passbook
- An e-wallet used for financial services offered by an Institution
- Only an account bearing interest
- Only an account containing more than PHP 500,000
- Only an account opened by a corporation
Legal references
- https://lawphil.net/statutes/repacts/ra2024/ra_12010_2024.html — RA 12010, sections 3–5 and 16–21, definitions, offenses, penalties, civil consequences, trafficking defense and jurisdiction.
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