SOCS MX8

Cards (72)

  • The manipulation and control of money supply and even credit conditions in the economy it involves management supply and interest rates?
    Monetary policy
  • It implements the monetary policy, responsible for the smooth transfer of money within the economy, stability and control of inflation, are also classified as banking and non-banking acc. to hteir functions and objectives?
    Financial Institution
  • An institution for lending, borrowing, issuing or managing money. Receives the money deposited by people including the government?
    Bank
  • Largest among the banks in terms of functions?
    Commercial banks
  • is implemented the Uni-banking or expanded banking in order to help public?
    Commercial Banks
  • this type of bank provides financial services to rural communities and created through RA NO. 720 known as Rural Banks Act.?
    Rural Bank
  • This type of bank is also known as saving bank. it encourages people to save portions of their income in banks?
    Thrift Banks
  • Banks that take care of properties and funds of people like minors who have no power to take care of there properties?
    Trust companies
  • Banks that were organized with specific functions and objectives. Government established special banks to promote and implement its programs for socio-economic development of the country?
    Special Banks
  • A financial entity that offers financial services, such as payment account and lending opportunities, to foreign clients.?
    International Banks
  • conversion of one currency to other currency?
    Foreign Exchange
  • currency that a government has declared to be legal tender but it is not backed by physical commodity?
    Fiat money
  • it is anything used as medium exchange. it is an instrument used by individuals to buy products and services. we work hard to earn this. economic transaction have become faster with the use of this?
    Money
  • The first coin in the Philippines which Dr. Gilbert Perez discovered was called?
    Penniform gold barter ring
  • The earliest form of coinage used by ancient Filipinos?
    Piloncitos
  • The bronze coin with little value known as? because of its unconventional shape was also use during spanish period
    Hillis Kalamay
  • was the first coin produced in our country during the Spanish regime?
    Spanish Barilla
  • one of the most beautiful coin design ever produced?
    Dos Mundos bore
  • was considered as the first bank that was established in the Philippines?
    El Banco Espanol-Filipino De Isabella
  • It issued the first paper money in the Philippines called?
    Pesos Fuertes
  • During the Japanese occupation, money had no value that's why the money then was called?
    Mickey Mouse Money
  • In the Philippine Peso, who is in the 1 peso bill?
    Jose Rizal
  • In the Philippine Peso, who is in the 5 peso bill?
    Andres Bonifacio
  • In the Philippine Peso, who is in the 10 peso bill?
    Apolinario Mabini
  • In the Philippine Peso, who is in the 20 peso bill?
    Manuel L. Quezon
  • In the Philippine Peso, who is in the 50 peso bill?
    Sergio Osmena
  • In the Philippine Peso, who is in the 100 peso bill?
    Manuel Roxas
  • is a particular kind of standard money used in the country?
    Money Standard
  • The government opted for an alternative in using monetary standard because of the high value and cost of metal?
    Non-commodity Standard
  • when money in circulation or standard money is redeemed and has equivalent in gold?
    Gold Standard
  • money whose value comes from commodity of which it is made?
    Commodity Money
  • money that is circulated and was used during the Japanese period that has no intrinsic value?
    Fiat Money
  • it is any future monetary claim against an individual that can be used to buy goods and services?
    Credit Money
  • Atm cards or credit cards are also a form of this money?
    Plastic Money
  • Good money is not easily torn or destroyed?
    Durability
  • can be easily identified and recognized by the people against the counterfeit money?
    Easy to recognize
  • widely accepted by everybody?
    Acceptability
  • Value of money isn't easily affected by the fluctuation of prices in a short period of time?
    Stability
  • our forefathers used anything as medium of exchange like rice, corn, necklace, etc.?
    Commodity Money
  • Central institution designed to bring about unified control of the financial system of the country?
    Central bank