ATANOSO, FM3A FINAP4 (P)
  • 1. Which of these are functions of money?
A) Store value
B) Unit of Account
C) All of these
D) can be saved for future use
E) use as a medium of exchange
  • 2. An old system of exchange (goods or services) for other goods and services without using money.
A) Stock Trading
B) Legal Tender
C) Barter
D) Currency Trading
E) Traditional Trading
  • 3. An old form of commerce before hard currency existed.
A) Bartering system
B) Primitive market
C) Currency Trading
D) Traditional Trading
E) Pure Market
  • 4. Can be useful when individuals and companies lack hard currencies.
A) Traditional Trading
B) Primitive Trading
C) Bartering system
D) Pure market
E) Currency Trading
  • 5. It is the transfer of one form or goods, services, or financial assets in exchange for another form of goods, services, or financial assets.
A) Money
B) Transfer
C) Payment
D) Production
E) Credit
  • 6. Used as a medium of exchange that can be used to facilitate transactions for goods and services.
A) Money
B) Bond
C) Credit
D) Notes
E) Currency
  • 7. It is a generally accepted form of payment, including coins and paper notes which is circulated within an economy and usually issued by a government.
A) Money
B) Payment
C) Notes
D) Bond
E) Currency
  • 8. It is the transfer of money or goods and services in exchange for a product or service.
A) money
B) Notes
C) credit
D) currency
E) Payment
  • 9. Can be made in the form of cash, check, wire transfer, credit card, or debit card.
A) Payment
B) credit
C) Currency
D) Bond
E) Transfer
  • 10. It is the primary medium of exchange in the modern world.
A) Barter
B) Credit
C) Bond
D) Notes
E) Currency
  • 11. It is a broader term that refers to an intangible system of value that makes the exchange of goods and services possible
A) Currency
B) Coins
C) Notes
D) Money
E) Bond
  • 12. Tangible form money.
A) check/cheque
B) Notes
C) Currency
D) Credit
E) Bond
  • 13. It is a system of value that facilitates the exchange of goods in an economy.
A) Bond
B) Money
C) Notes
D) Currency
E) Check
  • 14. It is a basic good used in commerce that is interchangeably with other goods of the same type
A) Services
B) Commodity
C) Output
D) Products
E) GDP
  • 15. Anything recognized by law as a means to settle a public or private debt or meet a financial obligation, including tax payments, contracts, and legal fines or damages.
A) Commodity
B) Currency
C) Money
D) Legal Tender
E) Bond
  • 16. It is legally recognized money within a given political jurisdiction.
A) Bond
B) Currency
C) Legal Tender
D) Notes
E) Treasury
  • 17. It is a government issued currency hat is not backed by a physical commodity, such as gold or silver, but rather by the government that issued it.
A) Treasury
B) Currency
C) Bond
D) FIAT Money
E) Notes
  • 18. Any legal currency that is not backed up by a physical commodity like gold or silver.
A) Fiat Money
B) Notes
C) Treasury
D) BOnd
E) Currency
  • 19. The currency stated value is just because of the government decree.
A) Money
B) Treasury
C) Bond
D) Fiat Money
E) Notes
  • 20. Maintains its value from stability of the government and economy it belongs to.
A) Coins
B) Notes
C) Treasury
D) Fiat money
E) Bond
  • 21. Currencies which are backed by gold and silver.
A) Convertibility
B) Treasury Bond
C) Representative currencies
D) Bond
E) Notes
  • 22. This happens when the government produces too much paper currency and its value drops quickly.
A) Money inflation
B) inflation rate
C) Inflation Targeting
D) Deflation
E) convertibility
  • 23. Involves the regulations of money supply, interest rates, credit and level spending.
A) Monetary Policy
B) Inflation Rates
C) contractionary
D) Money supply Rates
E) Expansionary
  • 24. Refers to a monetary policy setting that intends to decrease the level of liquidity or money supply to lower inflation in the economy.
A) Intermediation
B) Expansionary policy
C) Contractionary policy
D) Money deflation
E) Convertibility
  • 25. Price levels decreases.
A) Contractionary policy
B) Money deflation
C) Expansionary policy
D) Inflation
E) Intermediation
  • 26. The amount of money in circulation in the economy.
A) Circulation
B) Currency
C) Monetary Rates
D) Money Inflation
E) Money supply
  • 27. Refers to a monetary policy setting that intends to increase the level of liquidity or money supply which could results to higher inflation in the economy.
A) Money supply Rates
B) Money inflation
C) Inflation Rates
D) Contractionary policy
E) Expansionary policy
  • 28. The type of money used during this era were barter rings and piloncitos.
A) American Occupation
B) Revolutionary Era
C) Japanese Occupation
D) Spanish Era
E) Pre-Hispanic Era
  • 29. Types of money used in this period were guerrilla notes and Japanese notes.
A) Pre-Hispanic Era
B) Revolutionary Period
C) Japanese Period
D) Spanish period
E) American period
  • 30. The process by which a central bank removes the monetary value of a legal tender currency it issues.
A) Demonitization
B) Demonitezation
C) Monetization
D) Dimonetization
E) Demonetization
  • 31. Primary objectives of the BSP.
A) All of these
B) to sustain balanced growth of economy
C) sustain employment
D) control inflation Rates
E) To maintain price stability
  • 32. Policy to manage the supply and cost of money.
A) Expansionary
B) Monetary Policy
C) Inflation
D) Demonetization
E) contractionary
  • 33. There is lower interest rates.
A) Financial Policy
B) Monetary policy
C) Contractionary Policy
D) Expansionary policy
E) Central banking
  • 34. To manage the Financial structure and monetary policy needs this system has evolved.
A) Policy directions
B) Policy Framework
C) Financial system
D) Central banking
E) Financing
  • 35. In monetary Policy Framework, M.A.T. stands for?
A) Monetary Aggregate Trance
B) Marketing Aggregate Targeting
C) Monetary Aggregate Targeting
D) Modified Money Aggregate Trageting
E) Modified Aggregate Targeting
  • 36. In monetrary Policy Framework, I.T. stands for?
A) Infirmary Financial Targeting
B) Inflation Targeting
C) Intermediation
D) Inflation Tracking
E) Intermediate Targeting
  • 37. Monitoring larger sets of economic variables in making decisions regarding appropriate stance of monetary policy.
A) Modified Aggregate Targeting
B) Modified Framework
C) Centralization
D) Monetary Policy
E) Inflation Targeting
  • 38. The government sets inflation target in consultation with BSP and the latter announces inflation target.
A) Monetary Framework
B) Centralization
C) Inflation Targeting
D) Modified Aggregate Targeting
E) Monetary Policy
  • 39. The BSP assesses monetary conditions and forecasts inflation.
A) Monetary Policy
B) MAT
C) Centralization
D) Inflation Targeting
E) Monetary Framework
  • 40. The BSP communicates Inflation targeting through____?
A) Monetary Board Meetings
B) Press statements
C) Inflation Reports
D) Open letter to the President
E) All of these
  • 41. The Central Bank of the Philippines.
A) The Central Bank
B) Office of the President
C) BSP
D) Monetary Board
E) Office of the BSP Governor
  • 42. The country's central monetary authority.
A) None of These
B) Office of The Central Bank Governor
C) BSP
D) The Central Bank
E) Monetary Board
  • 43. Enjoys the fiscal and administrative autonomy from the National Government in the pursuits of its mandates and responsibilities.
A) Monetary Board
B) None of these
C) Office of the Central Bank
D) The Central Bank
E) BSP
  • 44. Has the exclusive power and authority to to issue the national currency.
A) Monetary Board
B) The Central Bank
C) Commercial Banks
D) Financial Institution
E) BSP
  • 45. Extends discounts, loans and advances to to banking institutions in order to influence the volume of credit.
A) BSP
B) Monetary Board
C) Commercial banks
D) Financial Structure
E) Financial Institutions
  • 46. It maintain a healthy level of International Reserves Management.
A) BSP
B) The Central banks
C) Financial Structure
D) Financial Institutions
E) Monetary Board
  • 47. Engaged in proactive economic operations.
A) BSP
B) Financial structure
C) Monetary Board
D) The Central Banks
E) Financial Institutions
  • 48. BSP's Program.
A) Economic education
B) Central Banking
C) Economic operations
D) Rediscounting
E) Banking
  • 49. The BSP's Organization structure.
A) Governor
B) All of these
C) Monetary Board
D) Financial Sector
E) Monetary and Economic Sector
  • 50. Exercises the powers and functions of the BSP in the conduct of Monetary Policy and financial system.
A) Economic Sector
B) Monetary Boards
C) Financial Sector
D) Monetary Structure Division
E) Office of the Governor
  • 51. Sets of institutions such as banks, insurance companies, stock exchanges, exchange of funds etc.
A) BSP Governance
B) Financial System Structure
C) Monetary Boards
D) Financial System
E) Financial Structure
  • 52. Universal bank.
A) BDO
B) Metrobank
C) BPI
D) All of these
E) PNB
  • 53. Universal Bank.
A) PSBank
B) Robinsons'sBank
C) CHINABANK
D) CITIBank
E) All of these
  • 54. Universal bank.
A) RCBC
B) LANDBANK
C) DBP
D) SECURITY BANK
E) All of these
  • 55. Commercial bank.
A) All of these
B) PNB
C) Metrobank
D) BPI
E) DBP
  • 56. ThriftBank.
A) PSBank
B) Sterling
C) All of these
D) Progress Bank
E) CHINABANK
  • 57. Rural bank.
A) DBP
B) Progress Bank
C) Cooperative Bank
D) AGRIBANK
E) PSBank
  • 58. Government -owned bank.
A) Cooperative Bank
B) RCBC
C) DBP
D) MetroBank
E) PSBank
  • 59. Types of Bank.
A) All of these
B) Commercial bank
C) Thrift banks
D) Rural banks
E) Universal Bank
  • 60. Private Non-Bank Institution.
A) All of these
B) Ayala BDO
C) Meralco
D) SM Investment Corporation
E) JniBank, Inc
  • 61. Building and Loan association.
A) Msccp
B) SM Investment Corporation
C) Ayala BDO
D) Home Credit Mutual Building and Loan Association
E) JniBank, Inc.
  • 62. Private Insurance.
A) Manulife
B) BDO Life
C) All of these
D) PHILAMLIFE
E) INSULAR Life
  • 63. Pawnshop.
A) Tambunting
B) Palawan Pawnshop PALAWAN EXPRESS
C) All of these
D) CEBUANA Lhuiller
E) VILLARICA
  • 64. Trust Company.
A) CEBUANA Lhuiller
B) SUNLife Investment Company
C) VILLARICA
D) Ayala BDO
E) Tambunting
  • 65. Government Non-Bank Financial Institution.
A) GSIS
B) PhilEXIM
C) SSS
D) ALL of these
E) NHMFC
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