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 (D)</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 (C)</p> Signup and view all the answers

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

<p>Barter (B)</p> Signup and view all the answers

What was the inscription believed to be?

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

What was the context in which the inscription was found?

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

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

<p>Demonetization (C)</p> Signup and view all the answers

What is the significance of the inscription?

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

What is the entity responsible for demonetization?

<p>The Issuing Authority (B)</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 (A)</p> Signup and view all the answers

What is the result of demonetization on a currency?

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

What is the opposite of demonetization?

<p>Monetization (C)</p> Signup and view all the answers

Why is demonetization typically done?

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

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

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

Who is the founder of the Katipunan?

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

Which denomination of peso features Andres Bonifacio?

<p>5-Piso (B)</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 (D)</p> Signup and view all the answers

What is the primary purpose of limited-edition currencies?

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

Why are limited-edition currencies considered educational tools?

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

What do limited-edition currencies often commemorate?

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

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

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

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

<p>They are widely circulated (C)</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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