1.

Facilitates the exchange of goods and services

2. Currency in circulation + demand deposit + peso deposit
3. Fundamental in the functioning of the economy
4. It serves as a unit at which goods and services are valued in terms of the given currency
5. Currency in circulation + demand deposit + peso deposit + deposit substitutes + transferable
currency deposit of non bank residents
6. Money can be used for buying and selling goods and services
7. Money is the common standard for measuring relative worth of goods and services
8. Standardize the value of goods and services
9. Money is used to save the purchasing power from the time income is received until income is
spent.
10. Money facilitates transactions that involve loans in the form of cash or goods.
11. People often demand money as a precaution against an uncertain future
12. Enable lender to estimate how much interest should charge on loans
13. Keeping the money so that one can respond to financially attractive opportunities like buying of
stocks and bonds
14. Provide a fixed and stable for measuring future payments.
15. It arises from the fact that most transactions involve an exchange of money
16. Money can be used for transactions and trading of goods and services
17. Money demand is negatively related to the interest rate.
18. Currency in circulation + demand deposit
19. Currency in circulation + demand deposit + peso deposit + deposit substitutes
20. It consist of three major groups of institution involved in mobilization and intermediation of
private savings as well as allocation of financial resources
21. It was created in 1993, reorganizing the central bank of the Philippines which began operation in
1949.
22. Maintain price stability conductive to a balance and sustainable economic growth
23. The bsp formulates and implements monetary policy aimed at influencing money supply
consistent with its primary objective which is to maintain price stability
24. The bsp has the exclusive power to issue the national currency.
25. The bsp extends discounts loans and advances to banking institutions for liquidity purposes.
26. The bsp supervises banks and exercises regulatory power over non bank institutions performing
quasi-banking functions.
27. The bsp seeks to maintain sufficient international reserves to meet any foreseeable net
demands for foreign currency
28. The bsp determines the exchange rate policy of the Philippines.
29. It consists of duly licensed and registered banking entities engage in lending of funds obtained in
the form of deposits.
30. Refers to all financial institution other than banks engaged principally in the provision of a wide
range of financial services.
31. This is in line with the primary mandate of the BSP under RA 7653 otherwise known as the
central bank act to maintain price stability conducive to a balanced and sustainable growth of
the economy
32. Measures or actions by the central bank to regulate the supply of money in the economy
constitute.
33. It involves the buying and selling of government securities from banks and financial institution of
the BSP in order to expand or contract the supply of money
34. A tool to allocate credit to preferred sectors of the economy and as an instrument to influence
the supply of money and credit.
35. This refers to transactions whereby the bsp extends credit to a bank collateralized by its loan
papers with customers.
36. This is the minimum amount of reserves that banks must hold against deposits.
37. It serves as prudential safeguard for deposit.
38. These consist of quantitative and qualitative limits on the ability of banks to undertake certain
activities.
39. These controls are prescribed to promote specific sectors and to focus more on development
financing.
40. The BSP persuade banks to make their lending policies responsive to the need of economy.
41. Banks must tighten their credit programs in times of inflation and loosen then in times of
recession.
42. This is meant in turn to lead to lower prices for distributors and consumers and the goal is to
increasr trade.
43. Weakest form of economic integration.
44. Countries would offer tariff rrreductions though perhaps not elimination, to a set of partner
countries in some product categories.
45. Occurs when group of countries agree to eliminate tariffs between themselves but maintain
their own external tariff on imports from the rest of the world.
46. Occurs when group of countries agree to eliminate tariffs between themselves and set a
common external tariff on imports from the rest of the world
47. Organization that intends to supervise and liberalize international trade
48. It is an international economic organization of 34 countrues founded in 1961 to stimulate
economic progress and world trade.
49. He proposed the G-20