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Social > Lesson 16.2 Money > Flashcards

Lesson 16.2 Money Flashcards

1
Q

It is anything used as a medium of exchange to buy certain products and services

A

Money

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2
Q

He discovered the Penniform gold barter ring

A

Dr Gilbert Perez

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3
Q

It is believed to be the earliest form of coinage used by the ancient Filipinos

A

Piloncitos

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4
Q

It is the bronze coin with little value

A

Hills Kalamay

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5
Q

It was the first coin produced in our country during the Spanish regime

A

Spanish Barilla

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6
Q

It was considered as the first bank that was established in the Philippines.

A

El Banco Español–Filipino de Isabella ll

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7
Q

The Philippines first paper money

A

Pesos Fuertes

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8
Q

It approved the use of gold exchange standard in our country

A

Philippine Coinage Act of 1902

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9
Q

It us money with no value during the Japanese period

A

Mickley Mouse

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10
Q

The person in the 1 Peso bill

A

Jose Rizal

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11
Q

The person in the 5 Peso bill

A

Andre’s Bonifacio

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12
Q

The person in the 10 Peso bill

A

Apolinario Mabini

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13
Q

The person in the 20 Peso bill

A

Manuel L. Quezon

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14
Q

The person in the 50 Peso bill

A

Sergio Osmeñia

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15
Q

The person in the 100 Peso bill

A

Manuel Roxas

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16
Q

The person in the 200 Peso bill

A

Diosdado P. Macapagal

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17
Q

The people in the 500 Peso bill

A

Corazon Aquino, Benigno Aquino Jr.

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18
Q

The people in the 1000 Peso bill

A

Jose Abad Santos, Vicente Lim, Joseph Llanes Escoda

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19
Q

People in the 1000 Peso bill

A

Josè Abad Santos, Vicente Lim, Josefa Llanes Escoda

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20
Q

It is a particular kind of standard money used in the country. It is the type of money issued in circulation by the government

A

Monetary Standard

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21
Q

It is the standard money that is redeemed and has equivalent in gold

A

Gold Standard

22
Q

It was the Monetary standard during the American Occupation

A

Gold–Exchange Standard

23
Q

It is used in redeeming the money

A

Silver Standard

24
Q

It is a country that uses one metal as currency

A

Monometallic Standard

25
Q

It is a country that uses two or more metals as currency

A

Bimetallic

26
Q

He exposed the bimetallic standard

A

Sir Thomas Gresham

27
Q

It is implemented in many countries because its much easier to control the volume of money in circulation

A

Paper Standard

28
Q

It is removing the currency in circulation and stripping its legal tender status

A

Demonetization

29
Q

It guarantees the use of the money in all kinds of transactions

A

Legal Tender

30
Q

It refers to the called of metal used in producing the money or the amount of metal contained in the money.

A

Intrinsic Value

31
Q

It used products such as rice, clothing, necklace, and other things as a form of currency

A

Commodity Money

32
Q

This was used during the Japanese Period and had no Intrinsic value

A

Fiat Money

33
Q

It refers to any credit Instrument accepted as payments for products and services consumed by an individual

A

Credit Money

34
Q

It is a written promise 8n paying debt on a specific date

A

Promissory note

35
Q

A check, if issued without certain fund to pay.

A

Bouncing Check

36
Q

ATM cards and credit cards belong to this form of money

A

Plastic Money

37
Q

Good money is not easily torn or broken into pieces

A

Durability

38
Q

With the use of special materials in minting and printing money, it can be easily be recognised

A

Easy to Recognize

39
Q

Is an act of imitating the original form of money, and is illegal

A

Counterfeiting

40
Q

Money as an instrument of exchange is used by everybody in all economic transactions within the country the uses money

A

Acceptability

41
Q

The value of money is not easily affected by the fluctuation of prices in a short period of time

A

Stability

42
Q

Money is divided into different denominations with its real value not affected.

A

Divisibility

43
Q

Money can be brought or carried anywhere

A

Portability

44
Q

The increase and decrease of money depends on the needs of the economy

A

Flexibility

45
Q

Uniformity

A

Every denominations has its own particular color, shape, weight, and design.

46
Q

People aquire products with the use of money

A

Medium of Exchange

47
Q

It is when the currency doesn’t get affected for a long period of time unlike commodity money

A

Store Value

48
Q

All commodities that use products in any transaction are values with a specific amount of money.

A

Standard Value

49
Q

Many economic transaction today are done using a credit card rather than cash

A

Standard of Deferred Payment

50
Q

Goods can be acquired without the use of money

A

Barter

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