A investment in government bonds b certificate of

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A. Investment in government bonds B. Certificate of time deposit C. Demand account D. Money market placement ANTI-MONEY LAUNDERING LAW 92. What is the amount of covered transaction in so far as jewelry dealers are concerned for purposes of reporting to Anti-Money Laundering Council? A. A transaction exceeding P500,000 B. A transaction exceeding P1,000,000 C. A transaction exceeding P5,000,000 D. A transaction exceeding P100,000 93. Which of the following companies is exempted by Anti Money Laundering Law from reporting reportable and suspicious transactions to Anti-Money Laundering Council? A. Casino B. Remittance companies C. Auditing firm rendering assurance engagement D. Holding companies Page 20
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UNCLAIMED BALANCES LAW 94. Under Unclaimed Balances Law, what is the minimum period of dormancy of the deposit in a bank to be considered unclaimed balances? A. At least 1 year B. At least 10 years C. At least 3 years D. At least 5 years GENERAL BANKING LAW 95. It is the only bank allowed to exercise the powers of investment house and to invest in non-allied enterprises. A. Commercial bank B. Rural bank C. Thrift bank D. Universal bank 96. Under Circular No. 425 of 2004 issued by Monetary Board of Bangko Sentral ng Pilipinas, what is the maximum limit of loan to be granted by a bank to a single borrower? A. 25% of net worth of the bank B. 20% of net worth of the bank C. 10% of net worth of the bank D. 15% of net worth of the bank CENTRAL BANK ACT 97. Under the Central Bank Act, who shall be appointed as the receiver of a banking institution in case the conservatorship of a bank is converted into receivership? A. Monetary Board of Bangko Sentral ng Pilipinas B. Supervising Officer of Bangko Sentral ng Pilipinas C. Office of Government Corporate Counsel D. Philippine Depositor Insurance Corporation 98. Who is primarily liable to the notes and coins which are considered legal tender in the Philippine jurisdiction? A. Bangko Sentral ng Pilipinas B. Government of the Republic of the Philippines C. Landbank of the Philippines D. Development Bank of the Philippines INTELLECTUAL PROPERTY CODE 99. A commissioned B to paint his garden. Who owns the painting and the copy right on the painting, respectively? A. Both A B. Both B C. A and B, respectively D. B and A, respectively 100. Which of the following may be protected by patent registration? A. Programs for computers B. Methods for treatments of the human body C. Aesthetic creations D. Microbiological process E N D
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  • Summer '18
  • Jane
  • Contract Law, Managing Partner, real estate mortgage

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