MARY THE QUEEN COLLEGE OF QUEZON CITY INC.

Commonwealth Ave., Corner Rd. 44, Diliman, Quezon City

BASIC FINANCE
MID-TERM EXAMINATION
1st Semester S.Y. 2015 2016
Name:
_______________________________________________
___________

Score:

GENERAL INSTRUCTIONS:
1. No Permit, No ID, No Exam.
2. Use the Questionnaire as your answer sheet.
3. Address all your questions only to the instructor/proctor assigned.
4. Anybody who will be caught cheating will get a grade of 50.
5. Read and follow instructions carefully.
I.

IDENTIFICATION: Identify the following.

1. __________________________ is the ultimate standard unit of value, upon which all

kinds of money in the monetary system is based.
2. __________________________ a standard that adopts a monetary unit to be the basis
of all kinds of money in circulation.
3. __________________________ is on- metal standard whereby a country uses either
gold or silver as a standard unit of value.
4. __________________________ is a system wherein the monetary unit or standard
money of the country is expressed in a definite weight and fineness of gold in bar
or bullion form.
5. __________________________ a country is said to be in the gold coin standard when
the government shows the connection of gold bullions into coins, which are freely
obtained by the citizens of the country in exchange for other forms of money.
6. __________________________ is one which the monetary unit of the country is
expressed in terms of gold.
7. __________________________ is two- metal standard whereby gold and silver are
used as a standard unit of value.
8. __________________________ defined as a monetary system in which coins of two
different metals at a fixed legal ratio of weights and fineness are used as the
monetary unit of standard unit of value.
9. _________________________ refers to the ratio of the value of gold and silver as
being bought and sold in the market.
10._________________________ this standard proposes the adoption of standard money
that is desired primarily.
11._________________________ refers to that power given to money to settle all
obligations whether public or private.
12._________________________ a standard which refers to a monetary system in which
the face value of the monetary unit is which much higher than the value of the
material used as money.
13._________________________ was conducted by using irregular shaped coins,
hammered in Mexico which bore the seals of the Spanish rulers.
14._________________________ was circulated in the Philippines. It was made of crude
rounded gold coin with fiat sides and with a diameter of about three eights of an
inch. It bears an inscription in early Malayan Script.
15._________________________ also known as the Mexican pillar dollar.
16._________________________ in 1766, a second coin was minted in the Philippines.
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17._________________________ it is a coin made of gold in the form of a ring with a

diameter of about half an inch. It had neither designs nor inscriptions.
18._________________________ a coins were made of silver with 24 millimeters in
diameter. It also bears the bust of Isabel II.
19._________________________ it is an exchanging of goods and services for either
things without using of money.
20._________________________ Hilis Kalamay was hammered in what country.
21._________________________ is the first Philippine Bank Note.
22._________________________ he declared that the Japanese Currency circulating in
the Philippines was illegal.
23._________________________ in what period declared that the Japanese currency
circulating in the Philippines was illegal.
24._________________________ he issued the central bank note in the Philippines.
25._________________________ in what year that the central bank note established.
26._________________________ in what year that the five pesetas coins were circulated.
27._________________________ is the popular name of Japanese War Notes.
28._________________________ is the first coin that was widely circulated during and
after the reign of King Philip II.
29._________________________ in what year that the Spanish Regime started.
30._________________________ a first coin minted in the Philippines.
31._________________________ is the process of making uniform coins from metals and
stamping them with a specific design as a guaranty of its weight and fineness
and the integrity of the country it represents.
32._________________________ a credit instruments by the government bank by a
promise to pay.
33._________________________ accepted by anyone in exchange for goods and
services.
34._________________________ is a kind of money that circulates because of its legal
tender power.
35._________________________ it refers to the volume of money being capable of
manipulation by monetary authorities.
36._________________________ is a system adopted by a country whereby the
government converts metals into coins.
37._________________________ a standard which adopted by a country that cannot
practically put up any gold reserves and therefore, entirely depends on the gold
reserves of other countries to which they are related.
38._________________________ a money that is made light, to be easy carried from one
place to another.
39._________________________ a design that should not only be aesthetically beautiful
but also difficult to counterfeit.
40._________________________ refers to the ratio between the weights of gold coins in
the mint.
II.
41-43:
44-45:
46-47:
48-49:
50-53:
54-57:
58-61:
62-71:
72-75:

ENUMERATION: Enumerate the following.

THREE (3) TYPES OF FIAT STANDARD
TWO (2) CLASSIFICATION OF COMMODITY STANDARD
TWO (2) TYPES OF MONOMETALLIC STANDARD
TWO (2) CLASSIFICATION OF MONETARY STANDARD
FOUR (4) STAGES IN DEVELOPMENT OF MONEY
FOUR (4) FUNCTIONS OF MONEY
FOUR (4) IMPORTANT TYPES/ KINDS OF MONEY
TEN (10) VARIOUS CHARACTERISTICS OF MONEY
FOUR (4) KINDS OF COINAGE

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----------------------------------------- END OF EXAM ----------------------------------------PREPARED BY:

MR. JONATHAN A. ABAD

PERPETUA A. SERAPIO

Instructor

CHECKED/VERIFIED BY:

DR. DJONITO URSUA

Dean, BSBA

APPROVED BY:

DR. MA.

VP Academic Affairs

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