The Philippine Monetary System

It is a set of institutions and rules governing the supply of money in an economy. 

A monometallic standard where the monetary unit is expressed in terms of gold. 

Refers to a monetary standard in which inconvertible paper money circulates as unlimited legal tender.

It is one in which the monetary unit and all types of a nation’s money are kept at constant value in terms of gold and also in terms of silver.

The paper standard is known as __________ __________ because the quantity of money in circulation is controlled and managed by the monetary authority with     a view to maintain stability in prices and incomes within the country.

Refers to the monetary system in which the monetary unit is made up or convertible to only one metal.

It is the face value of a bond or the value of a stock certificate stated in the corporate charter.

It is the central bank of the Republic of the Philippines.

It is the official currency of the Philippines.

It is a monetary system in which the standard economic unit of account is a fixed weight of silver.