Complete the sentence about Bangko Sentral ng Pilipinas with the correct year: On January 3, ______, the Central Bank of the Philippines was formally inaugurated with Cuaderno as the first governor.
Answer and explanation
Correct answer: D. 1949
The Bangko Sentral ng Pilipinas is the central bank of the Philippines. The Central Bank Act was signed into law in June 1948 by President Elpidio Quirino, and on 3 January 1949 the Central Bank was formally inaugurated with Cuaderno as its first governor. The year 1929 is before the law was even signed, and 1959 and 1969 are a decade or more after the inauguration.
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