18 Questions
Which ancient tribes introduced the barter system?
Tribes of Mesopotamia
What is the main advantage of bartering in international business and trade?
No money needed
What valuable commodities were commonly exchanged in ancient civilizations like Mesopotamia?
Salt, metal, livestock
What is the term used to describe the need for a mutual desire for each other's goods in a barter system?
Double coincidence of wants
Which trade route played a significant role in the history of international business and trade?
The Silk Road
Why was there a demand for a more durable and portable medium of exchange in ancient times?
Limited efficiency
What objects were used as the first form of local coinage in the pre-Hispanic era in the Philippines?
Barter rings or piloncitos
During the Spanish era in the Philippines, what type of coins were commonly used?
Cobs or macuquinas
Which form of currency was printed during the revolutionary period (1898-1899) in the Philippines?
Papel Moneda de Un Pedo and Cinco Pesos
What was the form of currency used in France until 1795?
Livre Tournois
In what year was the Euro introduced in France?
1999
What objects were used as a form of currency by French traders and settlers in Canada?
Playing cards signed by the governor
What is the monetary system where currency has linked value to gold called?
Gold Standard
What was the Bank of the Philippine Islands originally renamed from?
Bank of the Philippine Islands was originally renamed from 'El Banco Español Filipino de Isabel II'.
What type of notes were issued during the Japanese Occupation in the Philippines?
Two kinds of notes were issued: Guerilla Notes and Japanese War Notes.
When was the Central Bank of the Philippines established?
The Central Bank of the Philippines was established in 1949.
What is the process of 'Filipinization' in the context of the Republic coins and notes?
The 'Filipinization' process began in the late 60's and is carried through to the present.
What is another term for digital currency?
Cryptocurrency
Explore the origins of money in international business, focusing on China dating back 3000-4500 years ago to the use of cowry shells, copper coins, paper money, and the establishment of the yuan. Discover how money evolved in Canada through bartering, trading objects, playing cards as currency, and the adoption of the pound.
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