1.

A bouncing check is a check that we use for payment, but couldn’t be process due to the
issues of the account holder for not having sufficient funds. Bouncing Check occurs when
the writer of the check has insufficient funds available to fulfill the payment amount on
the check to the payee. For example, Auntie Jocie has her own hardware business and she
needed stocks for her business, auntie Jocie’s Checking account has current balance of
₱50,000. Auntie josie purchase stocks for her hardware and the total amount is ₱100,000
Auntie Jocie writes a check for the supplier for about ₱100,000 for the total price of the
stocks auntie Jocie Purchase. In this example auntie jocie is the payer and the supplier is
the payee. The problem is Auntie Joice only had ₱50,000 in her bank account. When the
supplier attempted to cash the check, it bounced as a result of insufficient funds.

2. Yes, banking industry is one of the industry in the Philippines that can be trusted. This
industry is where all the funds of the Philippines are kept. This are examples why
banking industry is one of the trusted industries in the Philippines, this helps our country
for its economic growth and this is no doubt an option for investors internationally. For
local if you are keep on opening business in the country, of course you need to go to a
bank that will provide your capital. If you are a depositor, the bank would be the best
option where to keep your money.
3. We all know that Banko Sentral ng Pilipinas is the one who is responsible when it comes
to money or hearing about financial responsibilities and about bank industries here in our
country. BSP is the one who extends discounts, loans , and advances to banking
institutions this orders to influence the volume of credit consistent with objective of price
stability and maintenance of financial stability. For instance, banking and financial
institutions are running out of funds, then BSP provides the funds that are Needed to
transfer among that banks and financial institutions.

4. Bank Holiday is a day on which banks are officially close due to holidays. However here
in our country. Bank holidays are prohibited for the reason that every day, banks are
needed to transact money. For instance, A man needs to pay his issued check and this
check is issued on a holiday. If the bank is close on the holiday and the man can’t pay it
on time, it will be delayed and it may charge extra pay in other words it may cause
outdated. Another reason why Bank holiday is prohibited so that monetary won’t stop
Transacting