WORLD HISTORY

Detailed explanation-1: -The primary objective of BSP’s monetary policy is to promote price stability because it has the sole ability to influence the amount of money circulating in the economy.

Detailed explanation-2: -In the Philippines, for instance, the exchange rate is conventionally expressed as the value of one US dollar in peso equivalent. For example, US$1 = P50. 00.

Detailed explanation-3: -The strong demand for the Dollar is what makes it strong. The inflation we have makes foreign goods and services much more expensive. For example, as gas prices continue to increase in the global market, the government would need to spend more Dollars than they take in, leading to a demand for the currency.

Detailed explanation-4: -The monetary system that the Philippines used until today is the managed currency system, and peso is the monetary unit which also refers to standard money. There are two types of monetary standard, namely commodity standard or metallic standard and non-commodity standard or fiat standard.

Detailed explanation-5: -It is an organization whose function is to facilitate the purchase and sale of stocks and other securities. It is a market where investors can buy and sell securities after they have been offered in the primary market.