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Questions and Answers
Piloncitos were predominantly used as a form of money in the Philippines during the 19th century.
Piloncitos were predominantly used as a form of money in the Philippines during the 19th century.
False
The first mint in the Philippines was established in 1861 to standardize coinage.
The first mint in the Philippines was established in 1861 to standardize coinage.
True
The Philippine Peso was introduced as the country's first local currency during the Spanish Regime.
The Philippine Peso was introduced as the country's first local currency during the Spanish Regime.
False
Bank of the Philippine Island was authorized to issue its own bank notes, which were legally tender.
Bank of the Philippine Island was authorized to issue its own bank notes, which were legally tender.
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During the Japanese Regime in World War II, the Japanese introduced Philippine War Notes as a form of currency.
During the Japanese Regime in World War II, the Japanese introduced Philippine War Notes as a form of currency.
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Commodity money such as sugar rice was not used in the Philippines during the Pre-Spanish Regime.
Commodity money such as sugar rice was not used in the Philippines during the Pre-Spanish Regime.
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Is the Bank of England the oldest joint-stock company mentioned in the text?
Is the Bank of England the oldest joint-stock company mentioned in the text?
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Did Isaac Newton argue that debasing increased confidence in coins?
Did Isaac Newton argue that debasing increased confidence in coins?
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Was the first national currency minted by the US Treasury before 1775?
Was the first national currency minted by the US Treasury before 1775?
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Was the British pound tied to gold under the Gold Standard from 1844?
Was the British pound tied to gold under the Gold Standard from 1844?
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Did the creation of credit cards result in a decrease in personal debt?
Did the creation of credit cards result in a decrease in personal debt?
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Did twelve EU countries replace their national currencies with the Euro in 1999?
Did twelve EU countries replace their national currencies with the Euro in 1999?
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The Gold Standard remained intact throughout the 20th century.
The Gold Standard remained intact throughout the 20th century.
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National banks were established in the early 17th century to regulate the countries' money supplies.
National banks were established in the early 17th century to regulate the countries' money supplies.
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Henry VIII debased the silver penny, making it half copper.
Henry VIII debased the silver penny, making it half copper.
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The Spanish caused a century of inflation by shipping gold from Potosi, Bolivia, back to Europe annually.
The Spanish caused a century of inflation by shipping gold from Potosi, Bolivia, back to Europe annually.
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Money in the early 20th century was still directly tied to precious metal.
Money in the early 20th century was still directly tied to precious metal.
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Credit cards and cryptocurrencies are examples of new ways of trading that emerged by the mid-20th century.
Credit cards and cryptocurrencies are examples of new ways of trading that emerged by the mid-20th century.
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