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Introduction to Finance > Preliminary > Flashcards

Preliminary Flashcards

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1
Q

Art and science of managing money

A

Finance

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2
Q

Subject area in economics that encompasses the study of money, credit and banking and it is concerned with resource allocation as well as resource management, acquisition and investment

A

Finance

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3
Q

Study of how individuals, institutions, governments and businesses and businesses acquire, spend and manage money and other financial assets

A

Finance

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4
Q

Areas of Finance

A 
Investments
Financial institution
Public Finance
Corporate Finance
Personal Finance
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5
Q

Refers to the commitment of fund to one or more assets that will be held over some future time periods

A

Investments

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6
Q

Are organizations like banks, insurance/investment comoanies. Are electronic forums that facilitate the flow of funds among investors and businesses

A

Financial Institution/Financial Market

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7
Q

Deals with taxation, bonds issues, budgeting, asset management and financial planning of government

A

Public Finance

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8
Q

Deals with the acquisition of cash and efficient allocation of other cash within the corporation

A

Corporate/Private Finance

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9
Q

Deals with the proper management of an individual of money to achieve personal economic satisfaction

A

Personal Finance

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10
Q

Is the business activity which concerns with planning, raising, controlling, administering of funds used in the business

A

Business finance

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11
Q

Is concerned with budgeting, financial forecasting, cash management, credit administration, investment analysis and fund procurement of the business concern to adopt modern technology and application suitable to the global environment

A

Corporate finance

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12
Q

2 major parts of finance or it concerns with revenue and disbursement of government fund

A

Public Finance

Private Finance

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13
Q

Deals with the requirements, receipts and payment of funds

A

Public Finance

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14
Q

Public Finance

A

Government institutions
Central government
State governments
Local self governments

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15
Q

Deals with the requirements, receipts, and payments of funds in case of

A

Private Finance

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16
Q

Private finance

A

Personal or individual
Business organization
Non profit organization

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17
Q

Brazil

A

Real

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18
Q

Bolivar

A

Venezuela

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19
Q

Algeria

A

Dinar

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20
Q

Jordan

A

Dinar

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21
Q

Kuwait

A

Dinar

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22
Q

Morocco

A

Dirham

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23
Q

United Arab Emirates

A

Dirham

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24
Q

Australia

A

Dollar

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25
Q

Canada

A

Dollar

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26
Q

New Zealand

A

Dollar

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27
Q

Singapore

A

Dollar

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28
Q

US

A

Dollar

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29
Q

Greece

A

Drachma

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30
Q

Belgium

A

Franc

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31
Q

Switzerland

A

Franc

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32
Q

Netherlands

A

Guilder

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33
Q

Suriname

A

Guilder

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34
Q

Czech Republic

A

Koruna

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35
Q

Slovak Republic

A

Koruna

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36
Q

Iceland

A

Krona

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37
Q

Sweden

A

Krona

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38
Q

Italy

A

Lira

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39
Q

Turkey

A

Lira

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40
Q

Germany

A

Mark

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41
Q

Spain

A

Peseta

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42
Q

Argentina

A

Peso

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43
Q

Chile

A

Peso

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44
Q

Colombia

A

Peso

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45
Q

Mexico

A

Peso

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46
Q

Philippines

A

Peso

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47
Q

Uruguay

A

Peso

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48
Q

Egypt

A

Pound

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49
Q

Great Britain

A

Pound

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50
Q

Lebanon

A

Pound

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51
Q

South Africa

A

Rand

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52
Q

Namibia

A

Rand

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53
Q

Saudi Arabia

A

Riyal

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54
Q

Qatar

A

Riyal

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55
Q

Russia

A

Ruble

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56
Q

India

A

Rupee

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57
Q

Pakistan

A

Rupee

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58
Q

Austria

A

Schilling

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59
Q

Japan

A

Yen

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60
Q

China

A

Yuan

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61
Q

Poland

A

Zloty

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62
Q

Reasons for studying finance

A

To make informed economic and final decisions
To acquire basic knowledge of investment for business and personal reasons
To acquire basis understanding of financial management

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63
Q

Anything need to make payment for goods, service or a debt obligation

A

Money

64
Q

A generally acceptable medium of exchange

A

Money

65
Q

Basic Functions of Money

A

Money serves as a medium of exchange
Money serves as a standard value
Money serves as is store of value
Money serves as standard of different payment
Money serves as a reserve or guaranty for solvency

66
Q

Kinds of money

A

Commodity money
Credit money
Fiat money
Electronic money or E-money

67
Q

Money that is made up of precious metals like gold or silver or another valuable commodity like cattle, rice, shells

A

Commodity Money

68
Q

Types of Commodity Money

A

Full-bodied commodity money
Taken commodity money
Credit money
Fiat money
Money serves as a standard of differed payment
Money serves as a reserve or guaranty for solvency

69
Q

Is that type which has its monetary or exchange value equal to that of its intrinsic value

A

Full-bodied commodity money

70
Q

One whose monetary exchange value is higher than its intrinsic value

A

Taken commodity money

71
Q

Money that is backed up by a promise to pay

A

Credit money

72
Q

Usually takes the form of currency (metallic coins and paper money) and is found in all countries that have central government including the Philippines.

A

Fiat money

73
Q

This is not convertible into coins or precious metal. It is backed up by a government promise that is it legally acceptable as a means of exchange for products

A

Fiat money

74
Q

Money evolves as the requirements for its use become more spohisticated. Advances in technology made possible the introduction of newer forms of money. The first to be developed is money stored electronically

A

E-Money

Electronic money

75
Q

Forms of Electronic Money

A

Debit Cards
Stored-value Card
Electronic Cash
Electronic Checks

76
Q

These cards are used to transfer funds from the bank account of a buyer to the bank account of the seller

A

Debit cards

77
Q

One that contains a fixed amount of digital cash

A

Stored value card

78
Q

Form of electronic money that is used to buy products through the internet

A

Electronic cash or e-cash

79
Q

Form of money used by those who make transactions through the internet

A

Electronic checks

80
Q

Form: Objects like cattle, tobacco,rice, etc. metals like gold, silver paper money

A

Drawbacks: not easy to transport subject to counterfeiting, can be stolen in large amounts

81
Q

Forms: Checks

A

Drawbacks: not generally acceptable

82
Q

Forms: electronic money

A

Drawbacks: requires special equipment

83
Q

It is written by the buyer through his personal computer. Then sends the electronic check to the seller via internet

A

Electronic checks

84
Q

Characteristics of Good money

A 
Divisibility
Portability
Durability
Stability
Difficult to counterfeit
85
Q

Refers to that characteristic wherein money can be issued in various denomination to facilitate the exchange process

A

Divisibility

86
Q

To be able to function effectively as a medium of exchange, money must be portable

A

Portability

87
Q

One of the characteristics required of a good money

A

Durability

88
Q

Good money must have the characteristic of having a stable value. One would not want to accept money as payment if its value fluctuates

A

Stability

89
Q

Undertaken by persons who want to benefit from the high exchange value of paper currently

A

Difficult to counterfeit

90
Q

Yes. Forming small communities which aim to be a self-sufficient home, grow all their own food and use the power of the wind and sun to obtain free electricity and heating

A

Living without money

91
Q

The first Philippine paper money was issued by __ in _

A

El Banco Español Filipino de Isabel Segunda

1851

92
Q

Since the bank was the first established in the Philippines, it was inevitable that it will issue the first paper money in the country

A

El Banco Español-Filipino de Isabel Segunda (Bank of the Philippine Islands)

93
Q

Changes in the political set-up also brought certain changes in the Philippine paper money those which issued paper money consists of a privately-owned bank

A

Philippine Government under Aguinaldo
United States Government
Government-owned bank
Central Bank of the Philippines

94
Q

Philippine paper money was issued in various denominations and as many as from one centavo to one thousand pesos during the __

A

Japanese occupation

95
Q

Who was commissioned by the Central Bank to trace the development of coinage, paper money and banking in the Philippines from the earliest times up to the present

A

Victorino Manalo

96
Q

The earliest known currency used in the Philippines are called

A

Piloncitos

97
Q

Piloncitos are small gold coins and individually weight from __of pure gold. Their use pre-dates the arrival of Magellan in __

A

0.09 to 2.65 grams

1521

98
Q

Halimbawa: Ang ngiyaw ng pusa, tilaok mg manok, lagaslas ng tubig sa ilog at iba pa ay patunay na ang likas na tunog sa paligid ay may malaking kinalaman sa pagbuo ng wika

A

Teoryang bow-wow

99
Q

Halimbawa: Tunog ng kampana, tiktak ng orasan, langingit ng kawayan, talbog ng bola

A

Teoryang ding-dong

100
Q

Natuto raw tayo mangusap dahil sa damdaming ating nais ipahayag tulad ng galit, tuwa, lungkot, takot, pagkabigla at iba pa

A

Teoryang Pooh-pooh

101
Q

Nabuo ni Noir, isang iskolar noong ika-19 na dantaon

A

Teoryang Yo-he-ho

102
Q

Nagwika ay nagmula sa mga ingay na nalilikha ng mga taong magkatuwamg sa kanilang pagtatrabaho gaya ng pagbubuwal ng kahiy o pag-aangat ng malaking bato

A

Teoryang Yo-he-ho

103
Q

Nakatuon na pwersang pisikal ng tao

A

Teoryang Yo-he-ho

104
Q

It ay galing sa salitang Pranses na nangangahulugang paalam

A

Teoryang Ta-ta

105
Q

Ang kumpas ng kamay ng tao na kanyang ginagawa sa bawat particular na okasyon ay sinusundan ng paggalaw ng dila at nagigimg sanhi upang matutong makabuo ng salita ang tao

A

Teiryang ta-ta

106
Q

Ang wika ay ang ugat sa mga tunog na nalikha ng mga sinaunang tao mula sa ritwak at dasal

A

Teoryang Ta-ra-ra-boom-de-ay

107
Q

Ang bata ang ipinanganak na may sapat na lakas at kakayahan sa pagkatuto

A

Teoryang Behaviorist

108
Q

Maaring hubugin ang gawi at kilos sa pamamagitan ng pagkontrol sa kanyang kapaligiran

A

Teoryang Behaviorist

109
Q

Ang pagkatuto ng wika ay naapektuhan din ng kanyang kapaligiran

A

Teoryang Behaviorist

110
Q

Ang pagkatuto ng wika ng bata ay batay sa kanyang angking likas na kakayahan

A

Teoryang Innative

111
Q

Nagsisimula ang ganap na pagkatuto ng wika ng isang bata sa gulang na lima o anim na taon

A

Teoryang Innative

112
Q

Ang pagkatuto ng wika ay nagaganap matapos maunawaan ang isang bagay o pangyayari. Kailangang nauunawaan ng tao ang mga impormasyon o kabatirang natanggap upang makabuo ng isang orihinal na pangungusap

A

Teoryang Cognitive

113
Q

Ang kamalia. Sa paggamit ng wika ay karaniwan at kadalasang nagyayari ang pagkakamali ay palantandaan ng pagkatuto

A

Teoryang Cognitive

114
Q

BSP

A

Bangko Sentral Ng Pilipinas

115
Q

NGC

A

New Generation Currency

116
Q

NDS

A

New Design Series

117
Q

Principles

A 
Currency Integrity
Aesthetics
Social Relevance
Efficiency
Unified theme
118
Q

Result of meeting the minds of people with diverse backgrounds and ideas

A

NGC

119
Q

BSP announced the issuance of NGC

A

2010

120
Q

The old “family” of design series has been in circulation for the last quarter of a century

A

NDS

121
Q

The BSP enhanced the security features of the NDS in __ by integrating __ in the higher denomination with ___

A

iridescent band and widowed security thread
100 piso up to 1000 piso
CURRENCY INTEGRITY

122
Q

The substrate was improved as well by incorporating ___ instead of ___

A

Abaca fibers

Linen

123
Q

It is the BSP’s latest initiative to protect currency integrity from the threat of rapidly improving reprographic technology

A

Issuance of NGCs

124
Q

Preserving and maintaining ___ contribute to enhancing public trust and confidence in the BSP which has the sole power and authority to issue currency in the country

A

Currency Integrity

125
Q

The design of the NGC was carefully evaluated to make it relevant, coherent, and consistent with the country’s goals and aspirations. One significant design aspect is the tribute to ___

A

Social relevance

Filipino heroism

126
Q

They were made younger looking on the notes to reflect the era where they actually began their distinguished public service

A

Filipino heroes

127
Q

Filipino laceworks and accent designs

A

World Heritage Sites and Natural Iconic wonders

Important spiritual dimension/adage

128
Q

Important spiritual dimension/adage obverse of all denominations

A

Pinagpala ang bayan na ang Diyos ay ang Panginoon (Blessed is the nation whose God is the Lord)

129
Q

The NGC has been made adaptable to the latest and anticipated innovations in currency processing machines to maximize output and increase the level of efficiency in currency operation

A

Efficiency

130
Q

The NDS begun in ___ with the 5 and 10 peso denominations followed by 20-piso in __, 50-piso, 100-piso and 500-piso in __ and 1000-piso in __. Except for the 200-piso issued in __. It took about __ for the seven NDS to be completes

A 
1985
1986
1987
1991
2002
6
131
Q

It was meticulously observed in capturing the essence of the design elements of the NGC notes in distinctive style without compromising the security features of the currency

A

Aesthetics balance

132
Q

A result of the meeting of the minds of people with diverse backgrounds and ideas

A

NGC

133
Q

The formal conceptualization process of the NGC started in __

A

2007

134
Q

The NGC project was undertaken by the __ in consultation with the _

A

BSP’s Num Com (Numismatic Committee)MB Monetary Board

BSP Governor and the President of the Philippines

135
Q

Features of the NGC

A

Thematic content
Designs
Security features

136
Q

The features of the NGC took __

A

3 years

137
Q

The choices for thematic content also benefited from the expertise and insights of __

A

Former Central Bank Governor Jaime C. Laya

138
Q

The personalities depicted in the portraits belong to various eras in the history of the country but they perpetuate the values and aspirations that are

A

Heroism

139
Q

Coins

A 
5
10
25
1
5
10
140
Q

Bills

A 
20
50
100
200
500
1000
141
Q

Testament to our hard work

A

Bank notes

142
Q

How to determine if your new Philippine peso bills are fake or Genuine

A 
OVD Patches
Check for blue and red fibers
Look for hidden watermarks
Feel the embossed text
Texture is rough
Asymmetrical serial number
Correct
143
Q

General statements that describes the causes of changes in financial variables such as: money supply and interest rates and the effects of these changes in variables in real sector such as 1)EMPLOYMENT 2) PRODUCTION and 3) PRICES

A

Monetary theory

144
Q

Heroes noted 20-peso bill

A

Manuel L. Quezon

145
Q

Heroes noted 50-peso bill

A

President Sergio Osmena

146
Q

World War II Heroes noted 1000 peso-bill

A

Josefa Llanes Escoda

Brigadier General Vicente P. Lim

147
Q

Heroes noted 100 peso bill

A

President Manuel A. Roxas

148
Q

Heroes noted 200-peso bill

A

President Diosdado Macapagal

149
Q

Modern day Heroes noted 500-peso bill

A

President Corazon C. Aquino

Senator Benigno S. Aquino Jr.

150
Q

World heritage sites, natural iconic wonders 20-piso

A

Banaue Rice Terraces

151
Q

World heritage sites, natural iconic wonders 100-piso

A

Mayon Volcano

152
Q

World heritage sites, natural iconic wonders 200-piso

A

Chocolate Hills

153
Q

World heritage sites, natural iconic wonders 500-piso

A

Puerto Prinsesa Subterranean River

154
Q

World heritage sites, natural iconic wonders 1000-piso

A

Tubbataha Reefs Natural Park

155
Q

NGC can be aptly described in Four filipino Adjectives

A

Matibay (strong)
Makulay (colorful)
Maganda (beautiful)
Malinis (clean)

Introduction to Finance (5 decks)

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