1. One of the purposes of our Philippine Banking Laws is to encourage the people to deposit their money in banking institutions. Is the statement correct? Justify. 2. What are the grounds for Impeachment of a public official in relation to R.A. 1405? 3. Give at least three (3) exceptions to the Bank Secrecy Law. 4. The confidentiality of Foreign Currency Deposits is absolute. Is the statement correct? Justify. 5. Levy is the legal or equitable procedure through which the earnings of any individual are required to be withheld for payment of any debt. Is the statement correct? Justify. 6. Under the PDIC Law, give at least three (3) insurable deposits. 7. The Truth in Lending Act (R.A. 3765) was enacted to protect the lenders from unscrupulous borrowers. Is the statement correct? Justify. 8. What is Money Laundering? 9. What is a Freeze Order? 10. What are the differences between a Covered Transaction and a Suspicious Transaction under the Anti-Money Laundering Act? 11. What is the difference between a Contract of Insurance and a Contract for Suretyship? 12. What are the essential elements of a Contract of Insurance? 13. A contract of insurance can exist even without any insurable interest involved. Is the statement correct? Justify. 14.All insurance companies can deliver and sell variable contracts. Is the statement correct? Justify