FINANCIAL INSTITUTIONS
What is the central bank of the Philippines?
Bangko Sentral ng Pilipinas
What is the smallest unit of the Philippine peso?
CENTAVO
The total value of goods and services produced within a country in a specific period.
GROSS DOMESTIC PRODUCT
What is the term for the money invested to start a business?
CAPITAL
The cost of borrowing money.
INTEREST
These financial institutions are known for providing loans to individuals and businesses.
BANKS
The process of exchanging one currency for another is called?
FOREIGN EXCHANGE
The general increase in prices of goods and services over time.
INFLATION
What is the term for the people who own a corporation?
SHAREHOLDER
What is the term for the amount of money borrowed?
LOAN
This type of financial institution specializes in insurance products.
INSURANCE COMPANIES
This term refers to the rate at which prices for goods and services increase over time.
INFLATION
This economic indicator measures the rate of change in prices for a basket of goods and services.
INFLATION RATE
This term refers to the income generated by a business after deducting expenses.
PROFIT
What is the term for the interest charged on a loan?
INTEREST RATE
A government institution that oversees the banking system.
What is the opposite of inflation?
DEFLATION
What is the term for the total amount of money in circulation?
MONEY SUPPLY
What is the term for a business owned by a single individual?
SOLE PROPRIETORSHIP
This financial term refers to the amount of money a company owes.
DEBT
What type of financial institution is primarily involved in lending money?
BANKS
This financial concept refers to the ability to convert assets into cash quickly without losing value.
LIQUIDITY
What is the term for the situation where the government's spending exceeds its revenue?
BUDGET DEFICIT
What is the term for the situation where the government's spending exceeds its revenue?
BUDGET REVENUE
What is the term for the systematic process of planning, organizing, directing, and controlling financial activities?
FINANCIAL MANAGEMENT