Podcast
Questions and Answers
What is the ultimate basic standard of value upon which all other kinds of money are convertible?
What is the ultimate basic standard of value upon which all other kinds of money are convertible?
- Gold Standard
- Commodity/Metallic Standard (correct)
- Managed Currency Standard
- Silver Standard
What characterizes a Managed Currency Standard?
What characterizes a Managed Currency Standard?
- Issued against gold and silver reserves
- No control over the credit system
- Maintaining reserves to back up the domestic money supply
- Inconvertible and irredeemable paper money (correct)
What is one of the objectives of a Managed Currency Standard?
What is one of the objectives of a Managed Currency Standard?
- Reduce wealth distribution
- Ensure an unstable price level
- Encourage deflation
- Promote full employment (correct)
Which type of money refers to paper currency not backed by any physical commodity like gold or silver?
Which type of money refers to paper currency not backed by any physical commodity like gold or silver?
What does a Managed Currency Standard aim to do in terms of the international value of the currency?
What does a Managed Currency Standard aim to do in terms of the international value of the currency?
Which entity is authorized to exercise control over the credit system in a Managed Currency Standard?
Which entity is authorized to exercise control over the credit system in a Managed Currency Standard?
What is the main advantage of a managed currency standard?
What is the main advantage of a managed currency standard?
Why might a managed currency standard lead to erratic fluctuation of prices?
Why might a managed currency standard lead to erratic fluctuation of prices?
What is a disadvantage of a managed currency standard related to taxation?
What is a disadvantage of a managed currency standard related to taxation?
How does a managed currency standard affect the risk of inflation?
How does a managed currency standard affect the risk of inflation?
What aspect of a managed currency standard allows for competitive monetary depreciation?
What aspect of a managed currency standard allows for competitive monetary depreciation?
What was the basic currency unit in the American regime in the Philippines?
What was the basic currency unit in the American regime in the Philippines?
Which bank was authorized to issue its own bank notes in the Philippines from 1908-1933?
Which bank was authorized to issue its own bank notes in the Philippines from 1908-1933?
Under which standard was the Philippine peso kept at par with the dollar?
Under which standard was the Philippine peso kept at par with the dollar?
What type of currency did the occupying Japanese government issue during World War II in the Philippines?
What type of currency did the occupying Japanese government issue during World War II in the Philippines?
When was the Central Bank of the Philippines established?
When was the Central Bank of the Philippines established?
Which series of Central Bank Notes followed the Pilipino Series from 1969-1973?
Which series of Central Bank Notes followed the Pilipino Series from 1969-1973?
Which series of Central Bank Notes highlighted the country's social and political development and economic achievements?
Which series of Central Bank Notes highlighted the country's social and political development and economic achievements?
When were the New Generation Currency Series banknotes demonetized?
When were the New Generation Currency Series banknotes demonetized?
What unique distinction did the 100,000-piso Centennial banknote hold?
What unique distinction did the 100,000-piso Centennial banknote hold?
