Practice question
Besides prior Monetary Board concurrence, Article VII, Section 20 expressly makes the President's foreign-loan power subject to what?
- The personal preferences of foreign lenders alone
- Such limitations as may be provided by law
- No limitations of any kind
- The approval of every private borrower in the country
- A plebiscite on every financing document
Legal references
- 1987 Constitution, Article VII, Section 20: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/3/353
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