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?

2010 (D) Signup and view all the answers

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

To improve the security features of Philippine banknotes (C) Signup and view all the answers

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

Barter (B) Signup and view all the answers

What was the inscription believed to be?

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

What was the context in which the inscription was found?

A historical study (B) Signup and view all the answers

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

Demonetization (C) Signup and view all the answers

What is the significance of the inscription?

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

What is the entity responsible for demonetization?

The Issuing Authority (B) Signup and view all the answers

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

They were skilled traders (A) Signup and view all the answers

What is the result of demonetization on a currency?

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

What is the opposite of demonetization?

Monetization (C) Signup and view all the answers

Why is demonetization typically done?

To introduce a new currency (A) Signup and view all the answers

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

Jose Rizal (C) Signup and view all the answers

Who is the founder of the Katipunan?

Andres Bonifacio (A) Signup and view all the answers

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

He was the face of the revolution (A) Signup and view all the answers

Which denomination of peso features Andres Bonifacio?

5-Piso (B) Signup and view all the answers

What is common to both Jose Rizal and Andres Bonifacio?

They were both involved in the Philippine Revolution (D) Signup and view all the answers

What is the primary purpose of limited-edition currencies?

To commemorate significant events and figures (A) Signup and view all the answers

Why are limited-edition currencies considered educational tools?

They provide historical information (D) Signup and view all the answers

What do limited-edition currencies often commemorate?

Historic achievements and national heroes' birthdays (D) Signup and view all the answers

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

Cultural artifacts (B) Signup and view all the answers

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

They are widely circulated (C) Signup and view all the answers

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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.