Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following statements is false about universal and commercial banks? (Philippine Context) None of the above Both may accept or create demand deposits

  1. Which of the following statements is false about universal and commercial banks? (Philippine Context)
  • None of the above
  • Both may accept or create demand deposits without need of approval.
  • Both can invest in the equities of allied, whether financial or non-financial allied enterprises.
  • Both are authorized to engage in quasi-banking functions without need for approval.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Environmental Regulation Law Science And Policy

Authors: Robert V. Percival, Christopher H. Schroeder, Alan S. Miller, James P. Leape

9th Edition

1543826164, 978-1543826166

More Books

Students also viewed these Law questions

Question

Describe Titcheners theory of meaning.

Answered: 1 week ago