Name: LABE, WENNONAH VALLERIE Code/Subject: ACCBP100- 433

Prof. YOLANDA BARCELONA Date: August 17, 2021

Let’s Check

A 1. The current governor of Bangko Sentral ng Pilipinas is ________, and he assumed his
office last ___________.
a. Benjamin E. Diokno, March 4, 2019 c. Nestor A. Espenilla, February 4, 2019
b. Nestor A. Espenilla, March 4, 2019 d. Benjamin E. Diokno, March 5, 2019

C 2. The four (4) Deputy Governors of BSP are in-charge of the following Major Sectors of
BSP, except
a. Financial Supervision Sector c. Currency Assessment Sector
b. Money and Economics Sector d. Corporate Services Sector

A 3. Based on the information coming from the Bangko Sentral ng Pilipinas, the current
required rate of reserve is
a. 18% c. 17%
b. 20% d. 19%

A 4. It is the specific location, under the control of BSP, as to where money is printed.
a. Security Plant Complex c. Mint and Refinery Department
b. Plant Security Complex d. Cash Management

A 5. The new generation of banknotes are made up of

a. 80% cotton and 20% abaca c. 90% cotton and 10% abaca
b. 70% cotton and 30% abaca d. 75% cotton and 25% abaca
 C 6. The Bangko Sentral ng Pilipinas (BSP) is mandated to do the following except
a. maintain international stability of Philippine peso and its convertibility into foreign
currencies
b. manage money supply or money aggregate at a certain level
c. monitor tendencies of inflation and deflation
d. Both A and B.

C 7. In the new BSP logo, the three stars represent the three pillars of central banking which
are
a. Price stability, financial stability and reliable payment system
b. Price stability, market stability and centralized payment system
c. Price stability, financial stability and efficient and safe settlement system
d. Price stability, economic stability and regulated payment system

B 8. What is the scientific name, as reflected and indicated in the 1,000-peso bill, also known
as the South Sea Pearl, which serves part of the security feature of the aforementioned bill,
specifically as an optically variable device?
a. Pinctada Fucata c. Pinctada Margaritifera
b. Pinctada Maxima d. Pinctada Pteriida

C 9. To protect against counterfeiting, a thin ribbon is entrenched across the note's paper.
This security mark is called
a. security fibers c. security thread
b. security lash d. security ribbon

D 10.This Act sets the constitutional provision for the creation of BSP
a. RA 7635 c. RA 6735
b. RA 6753 d. RA 7653
11. Under the New Central Bank Act of the Philippines, the BSP performs the following functions, except

a. Formulates and implements monetary policy aimed at influencing money supply consistent
with its primary objective to maintain price stability.

b. Extends discounts, loans and advances to banking institutions for liquidity purposes.

c. Seeks to maintain sufficient international reserves to meet any foreseeable net demands for
local currencies in order to preserve the international stability and convertibility of the
Philippine peso.

d. Serves or functions as the banker, financial advisor and official depository of the Government,
its political subdivisions and instrumentalities and governmentowned and -controlled
corporations.

12. The new generation of banknotes has varied security features to ensure protection against
counterfeiting. These features include the following except

a. Watermark

b. Optically variable device patch

c. Concealed value

d. Encrypted code

13. The president who prioritized the crafting of the Central Bank Charter is

a. Manuel Roxas

b. Manuel Quezon

c. Diosdado Macapagal

d. Sergio Osmena

14. Statement 1: Monetary policy is not developed through the Monetary Board of the BSP in order to
control the supply of money for promoting economic growth and stability.

Statement 2: A monetary authority, that is the Central Bank, is one of the building blocks of non-
effective financial system. Which of the following statements above is/are true?

a. Only statement 1

b. Only statement 2

c. Both statements are true

d. Neither statement 1 nor 2 is true

15. This financial activity distributes the surplus funds of a sector in an economy to a sector that requires
it.

a. Financial distribution

b. Financial intermediation

c. Financial allocation

d. Financial provision

16. The following are requirements of an effective financial system except

a. It creates capital and wealth on a large scale enough to meet the demands of the nation's
economy

b. It ensures non-efficient medium for exchanging goods and services

c. It provides markets and opportunities for the transfer of money and conversion of debts

d. It does not guaranty free-debt economy and fixed money aggregates

17. Financial intermediaries refer to persons or entities whose principal functions include lending,
investing or placement of funds among others. The following are examples of financial intermediaries
except

a. Pawnshop

b. Investment house

c. Security broker

d. Mutual fund association

18. The bank which is established to promote and expand rural economy is termed

a. Commercial bank

b. Rural bank

c. Thrift Bank

d. Special Government bank

19. Financial markets play a significant role in the economy. Among its primary roles are the following
except
 a. entrepreneurial growth

b. saving mobilization

c. national development

d. international trade

20. This market is for short-term securities and usually occurs between banks and other financial
institutions where they lend each other on an overnight basis.

a. Foreign exchange market

b. Money market

c. Commodities market

d. Capital market

21.This is a market of financial contracts derived from the capital and usually depends on the price of
the asset where it is derived. This market can be divided into two, that for exchangetraded and for over-
the-counter.

a. Commodities Market

b. Money Market

c. Capital Market

d. Derivatives Market

22.It is a global decentralized or over-the-counter market for the trading of currencies. This market
determines foreign exchange rates for every currency. It includes all aspects of buying, selling and
exchanging currencies at current or determined prices.

a. Money Market

b. Commodities Market

c. Foreign Exchange Market

d. Derivatives Market

23. Statement 1: Financial institution is an organization through which money and money claims are
gathered and transferred from one economy to another.
Statement 2: Banking institutions are not authorized to lend funds through the receipt of deposits.
Which of the following statements above is/are true?

a. Only statement 1

b. Only statement 2

c. Both statements are true

d. Neither statement 1 nor 2 is true

ET’S CHECK

1. This refers to business activities that aim to create value to firm, maximize limited resources and
manage risk for greater return

a. Accounting

b. Finance

c. Management

d. Taxation

2. Statement 1: Financial Management focuses on relating how much and what types of assets to
acquire, how to raise the capital needed, and how to maximize its value.

Statement 2: Based on an economic perspective, asset refers to resources owned, managed, and
controlled by an enterprise

Which of the above statements is/are true?

a. Only Statement I

b. Only Statement II

c. Both statements are true

d. Neither statement I nor II is true

3. It focuses on decisions relating to how much and what types of assets to acquire, how to raise the
capital needed to purchase assets, and how to run the firm so as to maximize its value

a. Financial Management

b. Capital Management

c. Investment Portfolio Management

d. Capital Budgeting

4. The goal of the firm is always ____________________.

a. Maximize manager wealth

b. Mitigate manager wealth

c. Maximize shareholder wealth

d. None of the above

5. True or False: Management' goal should be to take actions designed to maximize the market price.

a. True

b. False

6. Which of the following is NOT a duty of CFO?

a. Accounting

b. Marketing

c. Treasury

d. Capital budgeting

Kindly identify the terms to which the statements refer to.

7. The process of planning and managing a firm's long-term investments.

- CAPITAL BUDGETING

8. The mixture of debt and equity maintained by a firm.

- CAPITAL STRUCTURE

9. A firm's short-term assets and liabilities.

- WORKING CAPITAL MANAGEMENT

10.A second investments related career path. Manages money for investors.

- INVESTMENT ANALYST