Kathleen Kate M.

Carbos BSMA

Please answer the following pretest questions:

1.) Do you think that adapting uniform financial system across all countries can help in their respective
economic progress? Why?

-yes, because financial system help individuals and company level to understand well the behavior of
Financial markets fields across all countries. It makes them to develop, and successfully understand the
financial markets processes and their factors.

2.) What do you think is the primary role of the government in a country's financial system?

- The primary role of our government in financial system in economy is by stimulating economic growth,
influencing economic performance of the actors, and affecting economic welfare.

3.) What can you say about the current status of the Philippine financial market?

- I can say that the current status of our country financial markets is getting low. This pandemic give a
big changes in our economy that affect the livelihood of all people, that's why there's a lot of company
that not be able to operate their operation because, Philippines has halted all stock, bond and currency
trading until further notice, becoming the first big country to shut its financial markets because of the
coronavirus pandemic.