Philippines Sample Quiz

Deflation is the opposite of inflation and means that prices are decreasing over time.

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In 2022, a movie ticket cost ₱250. In 2023, the same ticket costs ₱275. What is the inflation rate for movie tickets?

• 8%

• 10%

• 12%

• 15%

If the inflation rate is higher in the Philippines than in other countries, the Philippine peso will likely strengthen against foreign currencies.

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Which of the following is a way to measure inflation in the Philippines?

• Gross Domestic Product (GDP)

• Consumer Price Index (CPI)

• Stock Market Index

• Unemployment Rate

Inflation benefits borrowers because the real value of the money they repay decreases over time.

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Which of the following is most likely to happen during periods of high inflation?

• People will save more money in banks.

• The cost of borrowing money will decrease.

• Prices of goods and services will rise rapidly.

• The value of the currency will increase.

Hyperinflation is a situation where prices rise extremely quickly, often exceeding 50% per month.

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Which of the following is an example of a 'cost-push' inflation?

• Increased consumer spending driving up prices

• Higher wages leading to higher production costs

• A decrease in the money supply

• A strong currency reducing import prices

Compound interest earns more than simple interest over time because it includes interest on previously earned interest.

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If you invest ₱25,000 at a compound interest rate of 5% per year, compounded annually, how much will you have after 3 years?

• ₱28,500

• ₱28,940

• ₱29,000

• ₱30,000