The Bangko Sentral ng PIlipinas’ Monetary Board may authorize the establishment of a bank or quasi-bank subject to the following conditions, except one Entity is a non-stock corporation Minimum capital requirements prescribed by the Monetary Board are met The funds should be obtained to more than twenty persons Bangko Sentral ng PIlipinas have the authority to examine the banks or quasi-banks
The Bangko Sentral ng PIlipinas’ Monetary Board may authorize the establishment of a bank or quasi-bank subject to the following conditions, except one Entity is a non-stock corporation Minimum capital requirements prescribed by the Monetary Board are met The funds should be obtained to more than twenty persons Bangko Sentral ng PIlipinas have the authority to examine the banks or quasi-banks
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The Bangko Sentral ng PIlipinas’ Monetary Board may authorize the establishment of a bank or quasi-bank subject to the following conditions, except one
Entity is a non-stock corporation
Minimum capital requirements prescribed by the Monetary Board are met
The funds should be obtained to more than twenty persons
Bangko Sentral ng PIlipinas have the authority to examine the banks or quasi-banks
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