History of the Philippine Monetary System
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History of the Philippine Monetary System

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@HalcyonMalachite

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Questions and Answers

What was the medium of exchange used by early Filipino tribes before the Spaniards arrived?

  • Silver pesos
  • Piloncitos gold coins
  • Barter rings made of gold (correct)
  • Pieces of eight

    • Which country's trading system did the precolonial Filipino tribes conduct their businesses and trades similar to?

  • Japan
  • India
  • China (correct)
  • Korea

    • What prompted the early tribes in the Philippines to find a medium of exchange?

  • Decrease in gold reserves
  • Discovery of silver pesos
  • Inconvenience of the barter system (correct)
  • Introduction of gold coins by the Spanish

    • What were Piloncitos?

    <p>Bead-like gold coins with flat sides</p> Signup and view all the answers

    Which explorer brought Spanish silver pesos to the Philippine shores in 1521?

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

    Which Spanish ruler's reign saw the circulation of the barilla coin in the Philippines?

    <p>Philip V</p> Signup and view all the answers

    What was depicted on the Mexican Pillar Dollar, also known as Columnarias?

    <p>Twin crowned globes</p> Signup and view all the answers

    Under whose presidency was the Philippine Republic born after the country's freedom from Spanish reign?

    <p>Gen. Emilio Aguinaldo</p> Signup and view all the answers

    What was the first Filipino bank note called when it was printed in 1852?

    <p>pesos Fuertes</p> Signup and view all the answers

    Which event signalled the start of the Philippine Revolutionary period in 1896?

    <p>Cry of Balintawak headed by Andres Bonifacio</p> Signup and view all the answers

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