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.​