Group 1: BSP Flashcards

1
Q

is responsible for carrying out the duties and functions of the Bangko Sentral ng Pilipinas (BSP), including overseeing monetary policy and supervising the financial system.

A

Monetary Board

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2
Q

serves as the chairman, alongside five full-time members from the private sector and one representative from the Cabinet.

A

BSP Governor

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3
Q

as the chief executive officer of the BSP, is responsible for overseeing and managing the BSP’s operations and internal administration.

A

BSP Governor

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4
Q

Chairman

A

Eli M. Remolona Jr.

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5
Q

Members of BSP

A
  • Ralph G. Recto
  • Romeo L. Bernardo
  • Rosalia V. De Leon
  • Walter C. Wassmer Benjamin E. Diokno
  • Jose L. Querubin
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6
Q

CORE FUNCTIONS OF BSP

A

A. Price Stability
B. Financial Stability or Stable Banking System
C. Efficient Payments and Settlements System

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7
Q

refers to the maintenance of stable prices over time, with a target inflation rate that ensures the value of money remains relatively constant.

A

Price stability

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8
Q

involves a resilient banking system that can withstand economic shocks, ensuring that financial institutions operate soundly and effectively.

A

Financial stability

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9
Q

ensures that financial transactions can be executed quickly, securely, and reliably.

A

efficient payments and settlements system

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10
Q

Core Values of the BSP

A
  1. Excellence
  2. Patriotism
  3. Integrity
  4. Solidarity
  5. Accountability
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11
Q

Mission of the BSP

A

To promote and maintain price stability, a strong financial system, and a safe and efficient payments and settlements system conducive to a sustainable and inclusive growth of the economy.

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12
Q

Vision of BSP

A

The BSP aims to be recognized globally as the monetary authority and primary financial system supervisor that supports a strong economy and promotes a high quality of life for all Filipinos.

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13
Q

Consistently doing our best to master our craft, continually improving our competencies and learning new things in pursuit of the organizational goals, comparable to the best practices of other central banks.

A

Excellence

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14
Q

Performing mandate with sincerity, honesty and uprightness, worthy of respect and emulation from others.

A

Integrity

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15
Q

Selfless commitment to the service of the Filipino people and the country.

A

Patriotism

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16
Q

Performing with team spirit; acting and thinking as one in the pursuit of common goals and objectives.

A

Solidarity

17
Q

Taking full responsibility for one’s or group’s actions.

A

Accountability

18
Q

The name of the Bangko Sentral ng Pilipinas is rendered in _______, using a ______________ font, to signify the Bank’s operational efficiency, clarity of vision, and single-mindedness of purpose.

A

gold; clean sans-serif

19
Q

to signify the Bank’s operational efficiency, clarity of vision, and single-mindedness of purpose.

A

clean sans-serif font

20
Q

foreground elements represent the BSP’s aim to promote economic growth and prosperity, and the high standards of ethics and performance it holds.

A

yellow gold

21
Q

_______________ background is evocative of the honor, dignity, and noble character of the Filipino people, and the BSP’s unwavering commitment to serve the
nation.

A

midnight blue

22
Q

The logo is contained within a _______________—without sides, a beginning, or an end—accentuated by a bold border, to convey the singular and integrative nature of the BSP and its impartial approach to holistic growth and development.

A

perfect circle

23
Q

The logo employs a photorealistic rendering of a Philippine eagle in flight, signifying the strength of leadership and foresight that the BSP provides in the financial sector and the economy.

A

GOLDEN PHILIPPINE EAGLE

24
Q

The eagle’s_________________ - symbolize the BSP’s balanced, inclusive approach to growth and development, while also conveying the central monetary authority’s mastery over its field.

A

outstretched wings and tail feathers

25
Q

The eagle’s __________________ - expressing the BSP’s vigilance and readiness to seize challenges and opportunities that rise over the horizon.

A

head and eyes face east

26
Q

The _________ - represent the strong will, resolve, and the monetary and financial tools that the central bank uses in discharging its mandates.

A

talons

27
Q

The __________________ represent the three pillars of central banking (price stability, stable banking system, and a safe and efficient payments and settlements system), as well as the BSP’s commitment to promote and sustain a high quality of life for all Filipinos, across Luzon, Visayas, and Mindanao.

A

three golden stars

28
Q

ADDRESS of Main BSP

A

BSP Complex, Roxas Boulevard, Manila, Philippines

29
Q

What are the Design Elements of the seal of BSP

A
  1. Corporate Text
  2. Shape
  3. Dominant Colors
  4. Golden Philippine Eagle
  5. Golden Stars
30
Q
A