All of the following are true about Bangko Sentral ng Pilipinas, except one The capital of the BSP is fifty billion pesos fully subscribed by the Philippine government and must be fully paid after two years from the effectivity of The New Central Bank Act. It promotes monetary stability but not tax implementation. The Monetary Board of the BSP has seven members appointed by the vice president of the Philippines. All five members of the Monetary Board of the BSP that came from the private sector must be serving full-time.

All of the following are true about Bangko Sentral ng Pilipinas, except one The capital of the BSP is fifty billion pesos fully subscribed by the Philippine government and must be fully paid after two years from the effectivity of The New Central Bank Act. It promotes monetary stability but not tax implementation. The Monetary Board of the BSP has seven members appointed by the vice president of the Philippines. All five members of the Monetary Board of the BSP that came from the private sector must be serving full-time.

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter15: Macroeconomic Viewpoints: New Keynesian, Monetarist, And New Classical

Section: Chapter Questions

Problem 11E

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