Exercise 1 15.

______________ Function of money to calculate the values

expressed in terms of common monetary unit.
Name:________________________ score:__________

Section:_______________________
Enumerations

A. Two ways of storing value of money

Identification.
1.
1. ______________ A method of direct exchange of goods for 2.
goods.
2. ______________ The practice of cutting the metal into pieces of
a fixed weight. B. Functions of money.
3. ______________ The function of money for present and future 3.
transaction. 4.
4. ______________ A function of money which specify the 5.
repayment of debts. 6.
5. ______________ A characteristic of good money that it should 7.
be easy to carry.
6. ______________ Money can be divided into fractions. C. Kinds of coinage
7. ______________ Money is capable of being stamped with 8.
proper design. 9.
8. ______________ Money is exchangeable in terms of its 10.
equivalent in other money.
9. ______________ A type of money, face value approximates the
value of the metal itself.
10. ______________ Coins otherwise called full bodied money.
11. ______________ Money in the nature of promissory note.
12. ______________ A government created money.
13. ______________ Assets that are easily converted into currency
or demand deposits.
14. ______________ Coin otherwise called representative full
bodied money.
 Exercise 2 Enumerations

Name:_________________________ score:_______

Section:________________________ A. Advantages of fiat standard

1.

2.
Match each item in column I with the item in column II. Write the letter
only.
B. Types of fiat standard
3.
Column I Column II 4.
5.
__1. Gold coin standard a. synonymous with standard money

__2. Bimetalism b. Uses only one kind of metal C. Advantages of bimetallism

__3. Involuntary at standard
__4. Fiat standard
__5. Monometallic
__6. Symmetallic standard
__7. Monetary standard
__8. Seigniorage
__9. Gresham’s law
__10. Gold standard
6.
c. Kept at par value of gold 7.
d. Gold coins were made legal tender
D. Types of gold standard
e. Charges for minting 8.
f. Both gold and silver are freely coined 9.
10.
g. As a result of war
E. Disadvantages of paper standard /fiat standard
h. Limping standard
11.
i. cheaper money drives dearer money 12.
j. face value is higher than material .
F. Types of silver standard
value
13.
k. a type of silver standard 14.
15.
 Exercise 3

Name:____________________________ score:__________

Section:___________________________

Identification

1. ____________ Have the sole power and authority to issue

. currency.
2. ____________ The replacement of note & coins with another .
denomination of the same value.
3. ____________ Extension period of for replacement of coins and
notes.
4. ____________ Responsible for verifications and evaluation of .
notes & coins for replacement.
5. ____________ A coin in the form of a button-shaped gold .
nuggets.
6. ____________ First European silver coin during Spanish period.
7. ____________ The first copper coin to be minted in the
Philippines.
8. ____________ The paper money used during Spanish
occupation.
9. ____________ The pure silver coin with the design of two
crowned globe.
10. ____________ The first paper money issued by the Americans.
11. ____________ Money printed which bought the worst record of
inflation.
12. ____________ issued by military forces.
13. ____________ The amount of silver coins dumped into the
water of Corregidor island.
14. ____________ Bank notes printed in one year.
15. ____________ Coins minted in one year.