Preliminary Flashcards
(155 cards)
1
Q
Art and science of managing money
A
Finance
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
3
Q
Study of how individuals, institutions, governments and businesses and businesses acquire, spend and manage money and other financial assets
A
Finance
4
Q
Areas of Finance
A
Investments Financial institution Public Finance Corporate Finance Personal Finance
5
Q
Refers to the commitment of fund to one or more assets that will be held over some future time periods
A
Investments
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
7
Q
Deals with taxation, bonds issues, budgeting, asset management and financial planning of government
A
Public Finance
8
Q
Deals with the acquisition of cash and efficient allocation of other cash within the corporation
A
Corporate/Private Finance
9
Q
Deals with the proper management of an individual of money to achieve personal economic satisfaction
A
Personal Finance
10
Q
Is the business activity which concerns with planning, raising, controlling, administering of funds used in the business
A
Business finance
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
12
Q
2 major parts of finance or it concerns with revenue and disbursement of government fund
A
Public Finance
Private Finance
13
Q
Deals with the requirements, receipts and payment of funds
A
Public Finance
14
Q
Public Finance
A
Government institutions
Central government
State governments
Local self governments
15
Q
Deals with the requirements, receipts, and payments of funds in case of
A
Private Finance
16
Q
Private finance
A
Personal or individual
Business organization
Non profit organization
17
Q
Brazil
A
Real
18
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Bolivar
A
Venezuela
19
Q
Algeria
A
Dinar
20
Q
Jordan
A
Dinar
21
Q
Kuwait
A
Dinar
22
Q
Morocco
A
Dirham
23
Q
United Arab Emirates
A
Dirham
24
Q
Australia
A
Dollar
25
Canada
Dollar
26
New Zealand
Dollar
27
Singapore
Dollar
28
US
Dollar
29
Greece
Drachma
30
Belgium
Franc
31
Switzerland
Franc
32
Netherlands
Guilder
33
Suriname
Guilder
34
Czech Republic
Koruna
35
Slovak Republic
Koruna
36
Iceland
Krona
37
Sweden
Krona
38
Italy
Lira
39
Turkey
Lira
40
Germany
Mark
41
Spain
Peseta
42
Argentina
Peso
43
Chile
Peso
44
Colombia
Peso
45
Mexico
Peso
46
Philippines
Peso
47
Uruguay
Peso
48
Egypt
Pound
49
Great Britain
Pound
50
Lebanon
Pound
51
South Africa
Rand
52
Namibia
Rand
53
Saudi Arabia
Riyal
54
Qatar
Riyal
55
Russia
Ruble
56
India
Rupee
57
Pakistan
Rupee
58
Austria
Schilling
59
Japan
Yen
60
China
Yuan
61
Poland
Zloty
62
Reasons for studying finance
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
63
Anything need to make payment for goods, service or a debt obligation
Money
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A generally acceptable medium of exchange
Money
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Basic Functions of Money
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
Kinds of money
Commodity money
Credit money
Fiat money
Electronic money or E-money
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Money that is made up of precious metals like gold or silver or another valuable commodity like cattle, rice, shells
Commodity Money
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Types of Commodity Money
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
Is that type which has its monetary or exchange value equal to that of its intrinsic value
Full-bodied commodity money
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One whose monetary exchange value is higher than its intrinsic value
Taken commodity money
71
Money that is backed up by a promise to pay
Credit money
72
Usually takes the form of currency (metallic coins and paper money) and is found in all countries that have central government including the Philippines.
Fiat money
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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
Fiat money
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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
E-Money
| Electronic money
75
Forms of Electronic Money
Debit Cards
Stored-value Card
Electronic Cash
Electronic Checks
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These cards are used to transfer funds from the bank account of a buyer to the bank account of the seller
Debit cards
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One that contains a fixed amount of digital cash
Stored value card
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Form of electronic money that is used to buy products through the internet
Electronic cash or e-cash
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Form of money used by those who make transactions through the internet
Electronic checks
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Form: Objects like cattle, tobacco,rice, etc. metals like gold, silver paper money
Drawbacks: not easy to transport subject to counterfeiting, can be stolen in large amounts
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Forms: Checks
Drawbacks: not generally acceptable
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Forms: electronic money
Drawbacks: requires special equipment
83
It is written by the buyer through his personal computer. Then sends the electronic check to the seller via internet
Electronic checks
84
Characteristics of Good money
```
Divisibility
Portability
Durability
Stability
Difficult to counterfeit
```
85
Refers to that characteristic wherein money can be issued in various denomination to facilitate the exchange process
Divisibility
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To be able to function effectively as a medium of exchange, money must be portable
Portability
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One of the characteristics required of a good money
Durability
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Good money must have the characteristic of having a stable value. One would not want to accept money as payment if its value fluctuates
Stability
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Undertaken by persons who want to benefit from the high exchange value of paper currently
Difficult to counterfeit
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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
Living without money
91
The first Philippine paper money was issued by __ in _
El Banco Español Filipino de Isabel Segunda
| 1851
92
Since the bank was the first established in the Philippines, it was inevitable that it will issue the first paper money in the country
El Banco Español-Filipino de Isabel Segunda (Bank of the Philippine Islands)
93
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
Philippine Government under Aguinaldo
United States Government
Government-owned bank
Central Bank of the Philippines
94
Philippine paper money was issued in various denominations and as many as from one centavo to one thousand pesos during the __
Japanese occupation
95
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
Victorino Manalo
96
The earliest known currency used in the Philippines are called
Piloncitos
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Piloncitos are small gold coins and individually weight from __of pure gold. Their use pre-dates the arrival of Magellan in __
0.09 to 2.65 grams
| 1521
98
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
Teoryang bow-wow
99
Halimbawa: Tunog ng kampana, tiktak ng orasan, langingit ng kawayan, talbog ng bola
Teoryang ding-dong
100
Natuto raw tayo mangusap dahil sa damdaming ating nais ipahayag tulad ng galit, tuwa, lungkot, takot, pagkabigla at iba pa
Teoryang Pooh-pooh
101
Nabuo ni Noir, isang iskolar noong ika-19 na dantaon
Teoryang Yo-he-ho
102
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
Teoryang Yo-he-ho
103
Nakatuon na pwersang pisikal ng tao
Teoryang Yo-he-ho
104
It ay galing sa salitang Pranses na nangangahulugang paalam
Teoryang Ta-ta
105
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
Teiryang ta-ta
106
Ang wika ay ang ugat sa mga tunog na nalikha ng mga sinaunang tao mula sa ritwak at dasal
Teoryang Ta-ra-ra-boom-de-ay
107
Ang bata ang ipinanganak na may sapat na lakas at kakayahan sa pagkatuto
Teoryang Behaviorist
108
Maaring hubugin ang gawi at kilos sa pamamagitan ng pagkontrol sa kanyang kapaligiran
Teoryang Behaviorist
109
Ang pagkatuto ng wika ay naapektuhan din ng kanyang kapaligiran
Teoryang Behaviorist
110
Ang pagkatuto ng wika ng bata ay batay sa kanyang angking likas na kakayahan
Teoryang Innative
111
Nagsisimula ang ganap na pagkatuto ng wika ng isang bata sa gulang na lima o anim na taon
Teoryang Innative
112
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
Teoryang Cognitive
113
Ang kamalia. Sa paggamit ng wika ay karaniwan at kadalasang nagyayari ang pagkakamali ay palantandaan ng pagkatuto
Teoryang Cognitive
114
BSP
Bangko Sentral Ng Pilipinas
115
NGC
New Generation Currency
116
NDS
New Design Series
117
Principles
```
Currency Integrity
Aesthetics
Social Relevance
Efficiency
Unified theme
```
118
Result of meeting the minds of people with diverse backgrounds and ideas
NGC
119
BSP announced the issuance of NGC
2010
120
The old "family" of design series has been in circulation for the last quarter of a century
NDS
121
The BSP enhanced the security features of the NDS in __ by integrating __ in the higher denomination with ___
iridescent band and widowed security thread
100 piso up to 1000 piso
CURRENCY INTEGRITY
122
The substrate was improved as well by incorporating ___ instead of ___
Abaca fibers
| Linen
123
It is the BSP's latest initiative to protect currency integrity from the threat of rapidly improving reprographic technology
Issuance of NGCs
124
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
Currency Integrity
125
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 ___
Social relevance
| Filipino heroism
126
They were made younger looking on the notes to reflect the era where they actually began their distinguished public service
Filipino heroes
127
Filipino laceworks and accent designs
World Heritage Sites and Natural Iconic wonders
| Important spiritual dimension/adage
128
Important spiritual dimension/adage obverse of all denominations
Pinagpala ang bayan na ang Diyos ay ang Panginoon (Blessed is the nation whose God is the Lord)
129
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
Efficiency
130
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
```
1985
1986
1987
1991
2002
6
```
131
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
Aesthetics balance
132
A result of the meeting of the minds of people with diverse backgrounds and ideas
NGC
133
The formal conceptualization process of the NGC started in __
2007
134
The NGC project was undertaken by the __ in consultation with the _
BSP's Num Com (Numismatic Committee)MB Monetary Board
| BSP Governor and the President of the Philippines
135
Features of the NGC
Thematic content
Designs
Security features
136
The features of the NGC took __
3 years
137
The choices for thematic content also benefited from the expertise and insights of __
Former Central Bank Governor Jaime C. Laya
138
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
Heroism
139
Coins
```
5
10
25
1
5
10
```
140
Bills
```
20
50
100
200
500
1000
```
141
Testament to our hard work
Bank notes
142
How to determine if your new Philippine peso bills are fake or Genuine
```
OVD Patches
Check for blue and red fibers
Look for hidden watermarks
Feel the embossed text
Texture is rough
Asymmetrical serial number
Correct
```
143
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
Monetary theory
144
Heroes noted 20-peso bill
Manuel L. Quezon
145
Heroes noted 50-peso bill
President Sergio Osmena
146
World War II Heroes noted 1000 peso-bill
Josefa Llanes Escoda
| Brigadier General Vicente P. Lim
147
Heroes noted 100 peso bill
President Manuel A. Roxas
148
Heroes noted 200-peso bill
President Diosdado Macapagal
149
Modern day Heroes noted 500-peso bill
President Corazon C. Aquino
| Senator Benigno S. Aquino Jr.
150
World heritage sites, natural iconic wonders 20-piso
Banaue Rice Terraces
151
World heritage sites, natural iconic wonders 100-piso
Mayon Volcano
152
World heritage sites, natural iconic wonders 200-piso
Chocolate Hills
153
World heritage sites, natural iconic wonders 500-piso
Puerto Prinsesa Subterranean River
154
World heritage sites, natural iconic wonders 1000-piso
Tubbataha Reefs Natural Park
155
NGC can be aptly described in Four filipino Adjectives
Matibay (strong)
Makulay (colorful)
Maganda (beautiful)
Malinis (clean)
