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QUIZ 1 BASIC BUSINESS FINANCE

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

"Finance is the art and science of managing money"

a)

KHAN & JAIN

b)

BODIE & MERTON

c)

FERRELL & HIRT

d)

OXFORD DICTIONARY OF ENGLISH

2.

Category of general finance, which deals with the revenue and expenditure patterns of the government and their various effects on the economy.

a)

Private finance

b)

Public finance

c)

Personal finance

d)

Business finance

3.

The procurement and administration of funds with the view of achieving the objectives of the business.

a)

Private finance

b)

Public finance

c)

Personal finance

d)

Business finance

4.

A system of exchange in which participants in a transaction directly exchange goods or services for other goods or services without using a medium of exchange, such as money.

a)

Commerce

b)

Bargaining

c)

Barter system

d)

Merchandising

5.

Attribute of good money where people can carry or transfer it from one place to another

a)

General acceptability

b)

Stability of value

c)

Portability

d)

Cognizability

6.

Attribute of good money where people can recognize the money and tell its value

a)

General acceptability

b)

Stability of value

c)

Portability

d)

Cognizability

7.

Example of economic good;

a)

Jewelry

b)

Water

c)

Air

d)

Sunshine

8.

The first recognized coinage in the Philippines circulated between the 9th and 12th centuries.

a)

Piloncitos

b)

Macuquinas

c)

Columnarios

d)

Spanish gold onza

9.

Locals called these crudely-made coins "hilis-kalamay" due to its resemblance to flattened rice cakes.

a)

Piloncitos

b)

Macuquinas

c)

Columnarios

d)

Spanish gold onza

10.

This coin also called "dos mundos" (two worlds)

a)

Piloncitos

b)

Macuquinas

c)

Columnarios

d)

Spanish gold onza

11.

This coin officially valued at 16 silver pesos

a)

Piloncitos

b)

Macuquinas

c)

Columnarios

d)

Spanish gold onza

12.

The first paper money circulated in the Philippines issued in 1851 by the country’s first bank, the El Banco Español Filipino de Isabel II.

a)

Peso Fuerte banknotes

b)

One peso note of the 1st Phil. Republic

c)

Mickey Mouse money

d)

Guerilla pesos

13.

During World War II in the Philippines, the occupying Japanese government-issued fiat currency in several denominations; this is known as;

a)

The Peso Fuerte banknotes

b)

One peso note of the 1st Phil. Republic

c)

Mickey Mouse money

d)

Guerilla pesos

14.

The emergency circulating notes

a)

The Peso Fuerte banknotes

b)

One peso note of the 1st Phil. Republic

c)

Mickey Mouse money

d)

Guerilla pesos

15.

The person currently featured on the front side of a 50 peso bill.

a)

Manuel Quezon

b)

Manuel Roxas

c)

Sergio Osmena

d)

Benigno Aquino Jr.