It is the medium of exchange and the standard of value.

The Phoenician peddlers during the ancient times started trading slaves with cattle,iron or bronze.

Money can be used to buy goods and services. Which function of money best describes the idea?

It is the group of persons who share the same living accomodation, who pool some,or all, of their income and wealth and who consume certain types of goods and services mainly housing and food.

In the Philippine pre-hispanic era, these small bead-like gold were considered as the earliest coin of the ancient Filipinos.

Refers to unconditional or conditional cash flows to be paid in the future.

The borrowers use money of the savers to put up their business enterprises as investments. Which function best describes the statement?

In the current times, where onions hype prices affects many farmers, suppliers and retailers due to lack of supply. Which economic situation best describes the idea?

These are private or government organizations whose assets consist primarily of claims or incomes primarily derived from dealing in and performing services in connection with claims.

The Central Bank takes the sole right and authority to issue currency. Which feature of a good money best describes the idea?

This refers to the staying power of a given object or thing designated as money to remain as such in the circulation.

It states that the overvalued money tends to drive out of circulation the undervalued money.

It is a network of various institutions which generates, circulates and controls money and credit.

Which of the following is a function of financial institutions?

What is considered to be the first credit institutions?

What is the name of the first Philippine bank?

It is defined as the central monetary authority which provides policy direction in the areas of money, credit and banking.

Who was the first governor of the Central Bank of the Philippines?

Which is true about central banks?

The functions and powers of the Bangko Sentral shall be exercised by the ____.

Which is a power of the Monetary Board?

It is a monetary arrangement in which the central bank does not promise convertibility of its monetary liabilities into precious metal coins.

It refers to the proper allocations and efficient use of scarce resources to satisfy human wants.

Which is true about central banks roles?

Which one is the function of central banks?

To control the volume of money created by the operations of the banking system, banks are required to maintain reserves against their deposit liabilities. Which idea best supports the idea?

Which of the following is an activity of the central bank?

These are designed mainly to achieve the objectives of the Bangko Sentral of maintaining external stability and ensuring that foreign exchange resources are available at all times for the foreign exchange requirements of the country.

Bangko Sentral helps the industrial sector to reacquire loans to commercial and rural banks to meet their credit needs and influence the direction of financial resources towards priority projects. Which best supports the idea?

Which is a credit operation?

Which of the following statement is true?

Who is the highest authority of the International Monetary Fund?

What does IMF means?

Which is an objective of IMF?

These guarantee a borrowing member country an assured line of credit.

This characteristic of new international monetary system enables the interests of the majority of the world to be clearly and adequately reflected.

Why do countries trade?

It is the theory of the value of money or the theory of the price level.

This takes place whenever demand for goods and services is greater than supply.

Which is an example of structural inflation?

Which is a limitation of monetary policies?

It refers to the revenue and expenditure measures of the public budget.

Which is an objective of fiscal policy?

Private goods like shoes, cars, appliances are allocated in the market, where such goods are places to where they can be bought easily. Which fiscal function best applies?

It is a means of raising funds for the operations of the government, especially its public service.

Which is a negative effect of Fiscal Policy?

It is the dynamic process in which involves the interaction among various economic, social, cultural, political and religious factors.

How much is the needed capital by Bangko Sentral to be fully subscribed by the Government of the Republic?

How many members does the Monetary Board consist of?

Who is the current BSP Governor?