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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
- 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.
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