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3-12. BA FM31P > Group 1-5's Quzbowl > Flashcards

Group 1-5's Quzbowl Flashcards

1
Q

What is the term for the illegal production of currency with the intent to deceive?

A

● Answer: Counterfeiting

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2
Q

Which device is commonly used to detect counterfeit currency by exposing UV-reactive security features?

A

● Answer: UV Light Detector

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3
Q

Name the thin metallic strip embedded in paper currency to deter counterfeiting.

A

● Answer: Security Thread

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4
Q

What is the name of the hidden image visible when a bill is held up to light, often used as a security feature?

A

● Answer: Watermark

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5
Q

Which polymer-based feature is often used in newer banknotes to replace paper and make counterfeiting more difficult?

A

● Answer: Transparent Windows

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6
Q

What is the name of the 3D holographic feature that appears on some modern banknotes to prevent counterfeiting?

A

● Answer: Hologram

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7
Q

What is the name of the central authority responsible for issuing currency and combating counterfeiting in the Philippines?

A

● Answer: Bangko Sentral ng Pilipinas (BSP)

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8
Q

What color-shifting feature is found in the Philippine 500 and 1,000 peso bills?

A

● Answer: Optically Variable Ink (OVI)

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9
Q

Which Philippine law penalizes the production and use of counterfeit currency?

A

● Answer: Republic Act No. 10951

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10
Q

What security feature involves micro-sized text that is difficult to replicate and is present on Philippine banknotes?

A

● Answer: Microprinting

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11
Q
  1. Levels of Inflation:
A
  • Creeping, chronic, walking, running, galloping, hyperinflation, stagflation
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12
Q
  1. Countries that have experienced Hyperinflation:
A
  • Venezuela, Hungary, Syria, Poland, etc
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13
Q
  1. Give one commodity:
A
  • Rice, oil, meat, corn
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14
Q
  1. Key objectives of monetary policy:
A
  • Full employment, price stability, economic growth
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15
Q
  1. standard tools to implement monetary policy:
A
  • Interest rate, open market operations, bank reserve requirements
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16
Q
  1. Inflation target:
A

2-4%

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17
Q
  1. What monetary policy perceives the inflation forecast to exceed the target?
A
  • Contractionary monetary policy
18
Q
  1. This happens when inflation and unemployment has a positive relationship with each other.
A
  • Stagflation
19
Q
  1. It measures or actions taken by the central bank to regulate money supplying in the economy.
A
  • Monetary policy
20
Q
  1. Causes of inflation:
A
  • Demand pull inflation and cost push inflation
21
Q

The Governor shall be the _____ of the Bangko Sentral.
a. Chief executive officer
b. President
c. Leader
d. Member

A

a. Chief executive officer

22
Q

The members of the Monetary Board must be natural-born citizens of the Philippines, at least _____ years of age.
a. thirty (30)
b. thirty-five (35)
c. forty (40)
d. forty-five (45)

A

b. thirty-five (35)

23
Q

What are the three core functions of BSP?

A
  1. Price Stability
  2. Financial Stability or Stable Banking System
  3. Efficient Payments and Settlement System
24
Q

In the absence of the Governor, a ____ designated by the Governor shall act as chief executive of the Bangko Sentral and shall exercise the powers and perform the duties of the Governor.

a. Board Member
b. Secretary
c. Deputy Governor
d. Vice Governor

A

c. Deputy Governor

25
Q

What are the core values of BSP?

A
  1. Excellence
  2. Patriotism
  3. Integrity
  4. Solidarity
  5. Accountability
26
Q

These represent the strong will, resolve, and monetary and financial tools that the central bank uses in discharging its mandates.

a. outstretched wings and tail feathers
b. three golden stars
c. head and eyes face east
d. talons

A

d. talons

27
Q

These represent the pillars of central banking, as well as the BSP’s commitment to promote and sustain a high quality of life for all Filipinos.

a. three golden stars
b. corporate text
c. talons
d. outstretched wings and tail feathers

A

a. three golden stars

28
Q

When was the Central Bank of the Philippines changed into Bangko Sentral ng Pilipinas?

a. January 3, 1949
b. July 13, 1993
c. July 3, 1993
d. January 3, 1993

A

c. July 3, 1993

29
Q

Who is responsible for carrying out the duties and functions of the Bangko Sentral ng Pilipinas (BSP)?

a. Governor
b. Monetary Board
c. Deputy Governor
d. President of the Philippines

A

b. Monetary Board

30
Q

Identify the names of the BSP members

A
  1. Ralph G. Recto
  2. Benjamin E. Diokno
  3. Walter C. Wassmer
  4. Rosalia V. De Leon
  5. Jose L. Querubin
  6. Romeo L. Bernardo
  7. Eli M. Remolona, Jr.
31
Q
  1. USA (USD): 1 USD
A

≈ 56.80 PHP.

32
Q
  1. Singapore (SGD): 1 SGD
A

≈ 41.50 PHP.

33
Q
  1. Japan (JPY): 1 JPY
A

≈ 0.38 PHP.

34
Q
  1. China (CNY): 1 CNY
A

≈ 7.70 PHP.

35
Q
  1. Europe (EUR): 1 EUR
A

≈ 61.40 PHP.

36
Q
  1. Russia (RUB): 1 RUB
A

≈ 0.55 PHP.

37
Q
  1. Cambodia (KHR): 1 KHR
A

≈ 0.013 PHP.

38
Q
  1. Mexico (MXN): 1 MXN
A

≈ 3.20 PHP.

39
Q
  1. Brazil (BRL): 1 BRL
A

≈ 11.40 PHP.

40
Q
  1. Australia (AUD): 1 AUD
A

≈ 36.90 PHP.

3-12. BA FM31P (7 decks)

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