History of Thailand Economy
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Questions and Answers

When did the Bangko Sentral ng Pilipinas (BSP) start issuing the New Generation Currency (NGC) banknotes?

  • 15 December 2009
  • 16 January 2012
  • 16 December 2010 (correct)
  • 15 January 2011
  • What is the name of the central bank that issued the New Generation Currency (NGC) banknotes?

  • Development Bank of the Philippines
  • Bangko Sentral ng Pilipinas (correct)
  • Philippine National Bank
  • Land Bank of the Philippines
  • What series of banknotes did the Bangko Sentral ng Pilipinas (BSP) introduce in 2010?

  • New Generation Currency (NGC) (correct)
  • Philippine Currency Series
  • Philippine Banknote Series
  • Philippine Peso Series
  • In what year did the Bangko Sentral ng Pilipinas (BSP) start issuing the current series of Philippine banknotes?

    <p>2010</p> Signup and view all the answers

    What is the purpose of the New Generation Currency (NGC) banknotes?

    <p>To improve the security features of Philippine banknotes</p> Signup and view all the answers

    What was the method of trade used in the context of Thailand?

    <p>Barter</p> Signup and view all the answers

    What was the inscription believed to be?

    <p>The name by which Thailand was known</p> Signup and view all the answers

    What was the context in which the inscription was found?

    <p>A historical study</p> Signup and view all the answers

    What is the process of removing the monetary value of a legal tender currency?

    <p>Demonetization</p> Signup and view all the answers

    What is the significance of the inscription?

    <p>It provides insight into Thailand's history</p> Signup and view all the answers

    What is the entity responsible for demonetization?

    <p>The Issuing Authority</p> Signup and view all the answers

    What can be inferred about the people who lived in Thailand during this time?

    <p>They were skilled traders</p> Signup and view all the answers

    What is the result of demonetization on a currency?

    <p>It removes the currency's monetary value</p> Signup and view all the answers

    What is the opposite of demonetization?

    <p>Monetization</p> Signup and view all the answers

    Why is demonetization typically done?

    <p>To introduce a new currency</p> Signup and view all the answers

    Which historical figure is featured on the 1-Piso coin?

    <p>Jose Rizal</p> Signup and view all the answers

    Who is the founder of the Katipunan?

    <p>Andres Bonifacio</p> Signup and view all the answers

    What is the significance of Jose Rizal in the Philippine Revolution?

    <p>He was the face of the revolution</p> Signup and view all the answers

    Which denomination of peso features Andres Bonifacio?

    <p>5-Piso</p> Signup and view all the answers

    What is common to both Jose Rizal and Andres Bonifacio?

    <p>They were both involved in the Philippine Revolution</p> Signup and view all the answers

    What is the primary purpose of limited-edition currencies?

    <p>To commemorate significant events and figures</p> Signup and view all the answers

    Why are limited-edition currencies considered educational tools?

    <p>They provide historical information</p> Signup and view all the answers

    What do limited-edition currencies often commemorate?

    <p>Historic achievements and national heroes' birthdays</p> Signup and view all the answers

    What do limited-edition currencies serve as, aside from being currencies?

    <p>Cultural artifacts</p> Signup and view all the answers

    What is not necessarily a characteristic of limited-edition currencies?

    <p>They are widely circulated</p> Signup and view all the answers

    Study Notes

    Philippine Banknotes

    • The New Generation Currency (NGC) banknotes were issued by the Bangko Sentral ng Pilipinas (BSP) starting on 16 December 2010.

    Denominations and Features

    • 1-Piso banknote: Features the portrait of national hero Jose Rizal, the face of the Philippine revolution.
    • 5-Piso banknote: Displays the image of Andres Bonifacio, the founder of the Katipunan and a revolutionary leader.

    Limited-Edition Currencies

    • These currencies honor significant events, figures, and milestones.
    • They serve as educational tools and cultural artifacts, commemorating events such as the centennial of a national hero's birth or a historic achievement.

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    Description

    This quiz explores the early economy of Thailand, including its trade system and historical inscriptions. Understand the country's ancient economy and its evolution.

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