I.

Example: 1. Bear/bull = a. stocks

20. natural gas -

a. stocks

b. entrepreneurship

c. bonds

21. oil -

a. stocks

b. entrepreneurship

c. bonds

22. grains -

a. stocks

b. entrepreneurship

c. bonds

23. beef

a. stocks

b. entrepreneurship

c. bonds

24. supply &demand

a. stocks

b. entrepreneurship

c. bonds

25. benchmark

a. stocks

b. entrepreneurship

c. bonds

26. Open market operation is an instrument of the Central Bank that buys and sells securities principally what kind of securities?

a.Bonds

b. equity

c. none from the choices

27. Monetary Policy is defined as the management of the _________

28. and ____________ of the volume of money in circulation for the purpose of attaining a specific objective.

a.expansion & contraction

b. contraction & expansion

c. none from the choices

29. Principal creators of money in our modern economic society.

a. Commercial Bank b. universal bank c. none from the choices

30. Is the right obtained by the debtor to delay payment to the creditor.

a. Discounting b. non-discounting c. none from the choices

31. It is a document, a credit instrument issued by a bank guaranteeing payments on behalf of its customer to a beneficiary. Importers and exporters use this.

a. Letter of Credit b. Letter of Debit c. none from the choices

32. Before the Banko Sentral was created, this government department administered the affairs of the

country's monetary system.

a. Department of Finance b. Budget Dept c. none from the choices

33. Resource management sector is mainly responsible for what?

a.Financial, physical b. internal audit c. none from the choices

34. What sector is responsible for the regulation of financial institutions?

a.Supervision and Examination b. internal audit sector c. none from the choices

35. Under the office of the Monetary Board, this office reviews and appraises the effectiveness of the operating control systems of the BSP.

a. Internal Audit Office b. Treasury c. none from the choices

36. This department in the Office of the Governor manages the BSP's international reserves.

a. Treasury b. Monetary Board c. none from the choices

37. The casinos and gambling establishments were part of the covered institutions of the Anti Money Laundering Act.

a. False b. True c.Either both of them

38. This office is responsible in promoting the BSP's corporate image.

a. Corporate Affairs Office. b. Corp Planning c. None from the choices

39. This office sets the development policies and guidelines.

a. Corporate Planning b. Corporate Affairs c. none from the choices

40. This department is the technical arm of the Governor and the Monetary Board.

a. Department of Economic Research b. Dept of Finance c. none from the choices

41. The training arm of the BSP.

a.Banko Sentral Institute b. Banko Sentral School c. none from the choices

42. Comptrollership subsector handles what?

a. Finance b. management c. none from the choices

43. This department handles supply, issuance and exchange of currency?

a.Cash Department c. credit department c. none from the choices

44. The rate at which the Banko Sentral charges on commercial banks?

a) 2.5%, b)3.5% c) none of these

45. Bank notes, coins, passport, BIR stamps are all done at what area of the Banko Sentral?

a.Security Plant Complex b. museum c. none from the choices

46. This is a major part in the Banko Sentral where the bank's collection of currencies are showcased. a.Museum b. security plant complex c. none from the choices

II.

1. Differentiate monetary policy against fiscal policy. Which is more effective, monetary or fiscal policy .

2. What is the benefit of having regional Central Banks? for example in Butuan City