Practice question
The Monetary Board has made decisions on foreign-loan applications covered by Article VII, Section 20. Forty-five days after the relevant quarter ended, it has still submitted no report to Congress. An official argues that Congress has no constitutional reporting entitlement because all information may be supplied solely to the President. Which conclusion best addresses that assertion?
- The assertion is correct because Congress is not named in Section 20.
- The assertion is correct whenever the Board's decisions concern foreign entities.
- The assertion is incorrect because Section 20 directs a report to Congress within thirty days from quarter-end.
- The omission automatically acquits every borrower of all unrelated offenses.
- The omission means no foreign-loan report can ever subsequently be submitted.
Legal references
- 1987 Constitution, Article VII, Section 20: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/3/353
Answer this question in flashcards to review your response and continue practicing.