True or False? During the ancient times barter was the system of trading, they use commodities as their money.

What relationship can be formed if people need big amount of cash and they need to barrow moneu from the banks?

Which of the following is NOT a function of money?

He was an English Philosopher and the father of Modern Macroeconomics.

This refers to the motive and desire of people to buy goods and services to satisfy needs and wants.

This refers to the motive and desire of people to keep their money as safe aset to meet the yield inflationary risk associated with holding money.

This refers to the desire and motive of people to meet their emergency needs such as hospitalization.

Which of the following refers to the financial institution that provides services like loans, certificate of deposits, savings bank account, bank overdrafts, etc. to its customers.

the Landbank of the Philippines and Agribank belongs to what type of banking institution?

Cebuana Micro Savings, Union bank Citysavings and BPI Direct Banko are examples of what kind of bank?

This refers to institutions which includes insurance firms, venture capitalist, currency exchange and microloan organizations.

This refers to the local and national agencies of the government that directly controls the economy.

This refers to products or services produced by a privately owned business and purchased to increase the utility, or satisfaction, of the buyer.

The use of government spending and taxation to influence the economy. Governments typically use fiscal policy to promote strong and sustainable growth and reduce poverty.

Which type of policy is being used when the government increases the money supply in the economy using budgetary instruments to either raise spending or investments.

A monetary measure to reduce government spending or the rate of monetary expansion by a central bank. It is a macroeconomic tool used to combat rising inflation.

This occurs when the government spends more than its revenues.

This occurs when the government collects more in taxes rather than spending it.

TRUE OR FALSE: Budget deficits affect individuals, businesses and the overall economy since the government spends more, other projects such as education and infrastructure might be affected with problems such as budget cut especially when the economy is unstable.