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Concept of money
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- 2. Our monetary systemdeveloped to meet the changing needs of the economy. Primitive economies consisted largely of self-sufficient units or groups that lived by means of hunting, fishing, and simple agriculture. There was a need to exchange goods and services.
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- 4. as anything authorizedby law. generally accepted as medium of exchange. one form in which we keep our wealth. As defined by Farlex Dictionary, Money is a Currency and coin that are guaranteed as legal tender by the government.
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- 8. Money simplifies matters.Money becomes the medium of exchange. With money, there is low-uncertainty-high-exchangeability requirement. Money also contributes to economic development and growth. Money is a store of value.
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- 10. As a mediumof exchange. Unit of account or standard of value. Store of value Standard of deferred payment.
- 11. Sources: Farlex Dictionary Alminar-Mutya, R. (2002). Introduction to Philippine Money, Credit, and Banking . Brgy. Ugong, Pasig City: Capitol Publishing House, Inc.
- 12. HISTORY AND REVOLUTIONOF MONEY Bangko Sentral ng Pilipinas - nation’s central monetary authority Museo ng Bangko Sentral ng Pilipinas formerly Central Bank Museum 1974 showcases the banks collection of currencies collects, studies, preserve coins, paper notes, monetary items
- 13. PRE-HISPANIC ERA piloncitos: first recognized form of coinage in the country Barter rings: other objects used as medium of exchange
- 14. SPANISH ERA GalleonTrade - was responsible for transforming Manila into a trade center for oriented goods Cobs or macuquinas: odd-shaped selver coins
- 15. SPANISH ERA Otherscoins that followed: - dos mundos or pillar dollars counterstamped coins Portrait series
- 16. SPANISH ERA 18th Century: Royalty of Spain authorized the production of copper coins by the Ayuntamiento or Municipality of Manila Barrillas: copper coins
- 17. SPANISH ERA Pesosfuertes: first bank notes that were issued in 1852
- 18. SPANISH ERA Casade Moneda de Manila - minted the first gold coins with the word “Filipinas” inscribed, which were called Isabelinas and Alfonsinos
- 19. Revolutionary Period -Two types of 2- centavo coins were struck in the army weapon store of Malolos - rare collection - paper notes were also issued, but the circulation was limited
- 20. American Regime - US Congress passed the Philippine Coinage Act, which authorized the mintage of silver coins from 1903 to 1912
- 21. American Regime SilverCertificate: were issued until 1918
- 22. American Regime TreasuryCertificate: replaced Silcer Certificate from 1918 to 1935
- 23. American Regime ManilaMint - produced coins until the Commonwealth period - first seat of the Central Bank
- 24. JAPANESE OCCUPATION: WORLDWAR II Japanese Invasion Money - Japanese Government
- 25. JAPANESE OCCUPATION: WORLDWAR II Guerrilla Notes or Resistance Currencies - Filipino Guerrillas
- 26. Republic Period CentralBank of the Philippines - created by the Republic Act No. 265, January 3, 1949
- 27. Republic Period Victornotes: issued by CBP with overprint “Central Bank of the Philippines”
- 28. Republic Period EnglishSeries - first bank notes issued by CBP
- 29. Republic Period AngBagong Lipunan series : 1973
- 30. Republic Period NewDesign Series: 1985
- 31. Republic Period CentralBank Coins English Series: 1959
- 32. Republic Period Pilipinoseries : 1967
- 33. Republic Period AngBagong Lipunan series : 1975
- 34. Republic Period Floraand Fauna: 1983, improved in 1992
- 35. Republic Period ImprovedFaura anf Fauna series
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- 37. Bukid, Czarina Cruz,Valerie Rochelle Parangan, Ellaine Vinzyl 206C LC2