Currency and Economic Impact Quiz

The Philippine peso becomes stronger compared to the US dollar. Because of this, Filipinos can now buy more foreign goods with the same amount of money.

• Depreciation

• Appreciation

• Devaluation

• Dumping

To improve the competitiveness of local products in the global market, the government intentionally lowers the value of its national currency.

• Appreciation

• depreciation

• Devaluation

• Dumping

A Filipino furniture company sells its handcrafted products to customers in Europe and the United States. What is this an example of?

• Exporting

• Importing

• Currency devaluation

• Tariff imposition

What happens when the Philippine peso becomes weaker against other currencies due to changes in the foreign exchange market without government action?

• The peso depreciates.

• The peso appreciates.

• The government imposes tariffs.

• The peso is removed from circulation.

A Philippine company buys advanced machinery from Japan to improve its manufacturing operations

• Exports

• Tariff

• Imports

• Dumping

To protect local rice farmers from cheaper foreign rice, the government adds an extra tax to rice coming from other countries.

A. Dumping
B. Tariff
C. Export tax
D. Depreciation

• Dumping

• Tariff

• Export Tax

• Depreciation

An overseas Filipino worker (OFW) working in Canada produces services that contribute to the economic production of the Philippines when calculating the value of goods and services produced by Filipino citizens.

• Gross Domestic Product (GDP)

• Imports

• Exports

• Gross National Product (GNP)

Due to inflation and market forces in international trade, the Philippine peso gradually loses value compared to other currencies over time.

• Appreciation

• Depreciation

• Devaluation

• Tariff

A multinational company produces smartphones in a factory located in Cebu. The value of these smartphones is included when measuring the total production within the Philippines.

• Gross National Product (GNP)

• Imports

• Gross Domestic Product (GDP)

• Exports

A foreign company sells products in another country at a price lower than in its own country to gain market share and eliminate competitors.

• Tariff

• Dumping

• Imports

• Devaluation