World Trade Organization Overview

<p>Goods were perishable and hard to trade. (B)</p> Signup and view all the answers

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

<p>600 BC (A)</p> Signup and view all the answers

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

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

<p>2 PHP = 1 USD (C)</p> Signup and view all the answers

<p>New Design series (D)</p> Signup and view all the answers

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

<p>In the 60s (A)</p> Signup and view all the answers

<p>Thomas de la Rue &amp; Co., Ltd (B)</p> Signup and view all the answers

<p>Complex encryption and tokenization (A)</p> Signup and view all the answers

<p>A matrix barcode readable by smartphones (D)</p> Signup and view all the answers

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

<p>Beaver pelts (A)</p> Signup and view all the answers

<p>He introduced the first bimetallic monetary system. (C)</p> Signup and view all the answers

<p>Spanish dollars (piastres) (B)</p> Signup and view all the answers

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

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

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

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

<p>Thailand, China, Japan, India (B)</p> Signup and view all the answers

<p>They can be scanned from various surfaces, including screens. (C)</p> Signup and view all the answers

<p>It emits a magnetic signal to imitate credit card strips. (D)</p> Signup and view all the answers

<p>It utilizes a secure tokenization system. (A)</p> Signup and view all the answers

<p>Direct carrier billing (B)</p> Signup and view all the answers

<p>A digital-only bank operating without physical branches. (A)</p> Signup and view all the answers

<p>Ultra-low power wireless transmission for data transfer. (C)</p> Signup and view all the answers

<p>Direct carrier billing (C)</p> Signup and view all the answers

<p>By protecting information using cryptographic codes. (D)</p> Signup and view all the answers

<p>Fiat currencies like U.S. dollars and the Euro (A)</p> Signup and view all the answers

<p>Solana (SOL) (A)</p> Signup and view all the answers

<p>$1.35 (C)</p> Signup and view all the answers

<p>4,447% (A)</p> Signup and view all the answers

<p>It started as a joke. (B)</p> Signup and view all the answers

<p>$132.7 billion (A)</p> Signup and view all the answers

<p>$0.0002 (B)</p> Signup and view all the answers

<p>To facilitate decentralized finance (DeFi), decentralized apps (DApps), and smart contracts (A)</p> Signup and view all the answers

<p>Proof-of-stake and proof-of-history (C)</p> Signup and view all the answers

<p>Be backed by U.S. dollars. (B)</p> Signup and view all the answers

<p>$0.10 (D)</p> Signup and view all the answers

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

<p>103% (D)</p> Signup and view all the answers

<p>$77.1 billion (C)</p> Signup and view all the answers

<p>It indicates a high popularity and adaptation rate. (D)</p> Signup and view all the answers

<p>$17.0 billion (D)</p> Signup and view all the answers

A direct exchange of goods or services without using money.

The difficulty of finding someone who wants your goods and the lack of a standard value for goods.

The process of making coins by stamping metal.

The use of metal pieces, specifically bronze, as currency.

Lydia's King Alyattes minted the first official currency, an alloy of gold and silver, around 600 BC.

China's use of paper money in the 7th Century BC was a significant evolution from earlier metal coins.

The increase in international trade was a consequence of the emergence of money.

Even in modern times, the use of barter persists, as seen in swap markets and online platforms.

The Philippines established a modern monetary system based on the gold standard, pledging 2 Philippine pesos equal to 1 US dollar.

The first currencies issued by the Central Bank of the Philippines in 1949 were English series notes printed by Thomas de la Rue & Co., Ltd. in England and coins minted at the US Bureau of Mint.

Filipino engraver Melecio Figueroa designed coins from half a centavo to one peso, reflecting a desire for a Filipino identity in monetary representation.

Starting in the late 60s, the process of replacing foreign designs with Filipino elements on coins and notes began, aiming for greater national representation in monetary symbols.

The Ang Bagong Lipunan series of bank notes, printed by the Security Printing Plant starting in 1978, followed the earlier 'Filipinization' trend with Filipino themes and designs.

Mobile payments utilize a portable electronic device like a smartphone to complete transactions using digital wallets stored in apps.

Digital wallets utilize encryption and tokenization to secure payments, generating time-limited tokens to process transactions.

QR codes, a type of matrix barcode readable by smartphones, are used for quick and convenient payments, offering a modern alternative to traditional methods.

Before the arrival of the Spaniards, the Philippines, China, Java, Borneo, and Thailand traded goods by exchanging them for one another, a system known as bartering.

King Croesus created the first-ever bimetallic monetary system. He minted coins made of pure gold and pure silver. This system was based on the use of two different metals as a standard.

A mix of gold and silver called Electrum was used as currency before King Croesus' bimetallic system. This suggests that Electrum was one of humanity's earliest forms of exchange.

In Tadoussac, French traders bartered with the Montagnais people for goods. This marked the beginning of a regular exchange system in Canada.

The beaver pelt was the primary currency in early Canadian settlements, particularly in the colony established by Samuel de Champlain. This was due to the high demand for beaver fur for trade.

Silver and copper coins were specially minted for the Spanish colonies in 1670, showing the shift from barter to coinage. This was a significant step in the evolution of money in the Philippines.

The Spanish dollar, also called piastre, was the coin of the Spanish empire, bringing a standardized currency to trade in the Philippines and Canada during the Spanish colonial era.

The cobs, also known as macuquinas, were silver coins minted by the Spanish in Mexico and other colonies, and used in the Philippines as a form of coinage.

A system where customers make payments for goods and services at a specific location, like a checkout counter.

A technology that uses radio waves over short distances to enable contactless payments.

A method of mobile payment that uses sound waves to transmit payment data.

A mobile payment method where a phone generates a magnetic signal mimicking a credit card's magnetic strip.

A secure system that uses cryptography to protect information using codes.

A mobile payment method utilizing a text message for paying for products and services.

A payment method using a mobile carrier for payment instead of bank details.

A type of mobile payment that involves sending a link in an email, text, or social media platform to allow for payment.

A cryptocurrency that aims to maintain a stable value, typically pegged to a fiat currency like the US dollar.

Tether (USDT) is a cryptocurrency designed to maintain a stable value pegged to the US dollar. It's backed by fiat currencies, making it less volatile than other cryptocurrencies.

BNB is a cryptocurrency that runs on the Binance blockchain. It's used for trading fees and other services on the Binance platform.

Solana is a blockchain platform designed for high-speed and secure transactions. It's used for decentralized finance, decentralized applications, and smart contracts.

XRP is a cryptocurrency associated with the Ripple network, which enables faster international payments. It can be exchanged for other cryptocurrencies and fiat currencies.

The market capitalization of a cryptocurrency is calculated by multiplying its current price by the total number of coins in circulation.

The year-over-year return of a cryptocurrency is the percentage change in its price over a 12-month period.

Cryptocurrency is a digital or virtual currency that uses cryptography for security. It operates independently of central banks and typically allows for peer-to-peer transactions.

A cryptocurrency that began as a joke in 2013, Dogecoin has gained popularity due to its devoted community and use of memes. It differs from many other cryptocurrencies by having no limit on its supply, making it susceptible to devaluation as supply increases.

A stablecoin backed by U.S. dollars, aiming for a 1:1 ratio with the USD. It's used for global transactions and is powered by the Ethereum network.

A cryptocurrency characterized by fast transaction speeds and low fees. Avalanche also has a high total value locked (TVL), indicating its popularity and utility in decentralized finance.

The total value of cryptocurrency assets deposited into decentralized finance (DeFi) protocols like staking, lending, and liquidity pools.

Cardano's native token, ADA, has consistently seen steady growth despite being less volatile than other major cryptocurrencies. As of November 2024, its price has risen significantly.

The market capitalization of a cryptocurrency, reflecting its total value. It is calculated by multiplying the current price of a cryptocurrency by the total number of coins.

The percentage change in a cryptocurrency's price over a specific period, often measured year-over-year.

The process of adding new coins to the cryptocurrency supply. In Dogecoin, there is no limit, which can lead to inflation due to increased supply.