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Stalernent 2: The rules on concurrence and preferenqe,qf erq4its under the New Civil Code
and other relevant laws shall be observecl rn the liquidation plan.
i?. Both statements are true
b. Both statements are false
. c. Only statement 1 is true
d. Only statement 2 is true
'). Consider the following statementsr
I. Within five (5) banking days, the maker or issuer must make arrangements to make
good the clreck to escape criminal liability for issuing a bouncing check;
iI. Within 90 days, the maker or issuer must maintain sufficient funds to destroy the
prima facie presumption of knorvledge of rnsufficiency of funds for the check;
III.Within 180 days, failure cf the payee to deposit or encash the check will make the
check stale or valueless
5. Statement 1: PDIC covers deposits or funds deposited in a bank giving rise to a creditor-
debtor relationship with the depositor.
Statement 2: Trust funds and money market placements are investments and are thus, not
covered by the PDIC.
a. Both statements are true
b. Both statements are false
c. Only statement 1 is true
d. Only statement 2 is true
A has an individual savings account with Bangko Matataq with a balance of P1,200,000. Hr:
also has a P1,500,000 joint account witlr his mother in the same bank. Bangko Matatag
declared bankruptcy and was subsequently closed. How much can A recover from PDIC for
deposlt insurance?
a, P2,000,000 from both individual and joint accounts
b. Only P500,000 frorn both individual and joint accounts
c, P500,000 from his individual account arrd another P500,000 frnm his,joint accr:unt
d. Only P500,000 from his individual account
Statement 1: In case of joirrt accounts, [he maxinium coverage shall be divided betweer:
depositors"
Statement 2: Individual accoLlnts are insured separately from joinl accounts.
a. Both statements are lrue
b. Both statements are false