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    The document provides information about the monetary board of a central bank. The monetary board serves as the governing body that makes all policy decisions regarding the management, operation, and administration of the central bank. As the governing body, the monetary board carries out the central bank's duties, including managing monetary policy and overseeing the financial system. The monetary board is chaired by the central bank's Governor and also includes five full-time members from the private sector and one member from the Cabinet.

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    The document provides information about the monetary board of a central bank. The monetary board serves as the governing body that makes all policy decisions regarding the management, operation, and administration of the central bank. As the governing body, the monetary board carries out the central bank's duties, including managing monetary policy and overseeing the financial system. The monetary board is chaired by the central bank's Governor and also includes five full-time members from the private sector and one member from the Cabinet.

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    © All Rights Reserved
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    28 views1 page

    Activity 1

    Uploaded by

    Michael Angeles
    The document provides information about the monetary board of a central bank. The monetary board serves as the governing body that makes all policy decisions regarding the management, operation, and administration of the central bank. As the governing body, the monetary board carries out the central bank's duties, including managing monetary policy and overseeing the financial system. The monetary board is chaired by the central bank's Governor and also includes five full-time members from the private sector and one member from the Cabinet.

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    © All Rights Reserved
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    ACTIVITY 1

    BPFIN - BUSINESS FINANCE

    INSTRUCTION: Read the direction carefully. Answer the questions being asked.

    1. Research on the monetary board of the central bank and what are their functions and
    responsibilities?

    - All policy decisions pertaining to the management, operation, and administration of the Central
    Bank must be made by the Monetary Board, which serves as the governing body. The Governor
    serves as the Central Bank's Chief Executive Officer and as Chairman of the Monetary Board. All
    policy decisions pertaining to the management, operation, and administration of the Central
    Bank must be made by the Monetary Board, which serves as the governing body. The Monetary
    Board carries out the BSP's duties, including managing monetary policy and overseeing the
    financial system. The BSP Governor serves as its chairman, and it has five full-time members
    from the private sector and one from the Cabinet.

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