Origin of Money in International Business: China and Canada
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Questions and Answers

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?

<p>Double coincidence of wants</p> Signup and view all the answers

Which trade route played a significant role in the history of international business and trade?

<p>The Silk Road</p> Signup and view all the answers

Why was there a demand for a more durable and portable medium of exchange in ancient times?

<p>Limited efficiency</p> Signup and view all the answers

What objects were used as the first form of local coinage in the pre-Hispanic era in the Philippines?

<p>Barter rings or piloncitos</p> Signup and view all the answers

During the Spanish era in the Philippines, what type of coins were commonly used?

<p>Cobs or macuquinas</p> Signup and view all the answers

Which form of currency was printed during the revolutionary period (1898-1899) in the Philippines?

<p>Papel Moneda de Un Pedo and Cinco Pesos</p> Signup and view all the answers

What was the form of currency used in France until 1795?

<p>Livre Tournois</p> Signup and view all the answers

In what year was the Euro introduced in France?

<p>1999</p> Signup and view all the answers

What objects were used as a form of currency by French traders and settlers in Canada?

<p>Playing cards signed by the governor</p> Signup and view all the answers

What is the monetary system where currency has linked value to gold called?

<p>Gold Standard</p> Signup and view all the answers

What was the Bank of the Philippine Islands originally renamed from?

<p>Bank of the Philippine Islands was originally renamed from 'El Banco Español Filipino de Isabel II'.</p> Signup and view all the answers

What type of notes were issued during the Japanese Occupation in the Philippines?

<p>Two kinds of notes were issued: Guerilla Notes and Japanese War Notes.</p> Signup and view all the answers

When was the Central Bank of the Philippines established?

<p>The Central Bank of the Philippines was established in 1949.</p> Signup and view all the answers

What is the process of 'Filipinization' in the context of the Republic coins and notes?

<p>The 'Filipinization' process began in the late 60's and is carried through to the present.</p> Signup and view all the answers

What is another term for digital currency?

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

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