Which institution is the central bank of the Philippines, abbreviated BSP?
Answer and explanation
Correct answer: C. Bangko Sentral ng Pilipinas (BSP)
- Step 1: When President Ferdinand Marcos' Martial Law was lifted in 1981, the central bank of the country, Bangko Sentral ng Pilipinas (BSP), started to print and mint a new series of Philippine peso banknotes and coins, adopting anti-counterfeiting features. Answer: Bangko Sentral ng Pilipinas (BSP). Why not the others: None of these fit: The Development Bank of the Philippines; The Land Bank of the Philippines; The Philippine National Bank system.
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