FWC Level 1

Shells were one of the first ancient forms of currency/money.

Metal was used as money because they were legitimized, hard to forge, durable, portable, and divisible.

Paper money originated in China.

Minted coins and paper money are now used in only 2% of transactions. Credit card and electronic banking has enabled massive global transactions to take place in the fraction of a second.

Digital technology is enabling new currencies to be created, like Linden Dollars, Bitcoin and other cryptocurrencies.

Investment is an asset or item acquired with the goal of generating income or appreciation over time.

It is referred to as a fixed-income instrument since bonds traditionally paid a fixed interest rate to debtholders.

This guarantees the insurer pays a sum of money to named beneficiaries when the insured dies in exchange for the premiums paid by the policyholder during their lifetime.

A stock exchange is a centralized location that brings corporations and governments so that investors can buy and sell equities.

This is a special savings facility with a 5-year maturity, designed for Pag-IBIG Fund members who wish to save more and earn even higher dividends, in addition to their Pag-IBIG Regular Savings.