DIRECTIONS. Write T if the statement is correct and write F if the statement is wrong. Place your answer on the space provided.
1. The Government Service Insurance System (GSIS) takes care of workers in the private sector.
2. The three specialized government banks, composed of The Development Bank of the Philippines, Land Bank of the Philippines, and Philippine Amanah Bank, play a special role in the economic development of the country.
3. Social Security System (SSS), mainly takes care the private sector.
4. As its chief objectives, BSP's monetary policy is to promote a “high a stable inflation conducive to a balanced and sustainable economic growth".
5. Banks regulates the supply of money in the economy.
1. The Government Service Insurance System (GSIS) takes care of workers in the private sector.
2. The three specialized government banks, composed of The Development Bank of the Philippines, Land Bank of the Philippines, and Philippine Amanah Bank, play a special role in the economic development of the country.
3. Social Security System (SSS), mainly takes care the private sector.
4. As its chief objectives, BSP's monetary policy is to promote a “high a stable inflation conducive to a balanced and sustainable economic growth".
5. Banks regulates the supply of money in the economy.
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Answer:
1.T
2.T
3.T
4.F
5.T
Explanation:
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