History of Philippine Currency and Philippine Monetary Standards Source: Financial System‚ Market & Management- the basics- Laman‚ Rose Marie et al.‚ 2008 Nature of the Monetary Standard • A country is said to have established a monetary standard or system when it sets down rules to govern the creation of money and control the quantity in circulation whether the rules are strictly followed or are to be accepted simply as guidelines for its own money managers • Standard money is the monetary unit recognized
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EDUCATION SYSTEMS IN AUSTRALIA AND IN THE PHILIPPINES _Submitted By: Angelu Tolentino_ Education is the process by which a person gains knowledge. It is considered as one of the essential needs for human survival‚ that is why most countries’ future depends on educating its people. The financial/economical issues and traditions lead countries to different educational routes. Although Australia and the Philippines may have some similarities‚ both countries’ education systems differ in many ways.
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SPANISH PERIOD During the Spanish colonization in the Philippines‚ the government was composed of two branches‚ the executive and the judicial. There was no legislative branch on that time since the laws of the islands were coming from Spain. The only laws created in the Philippines are those who were ordered by the Governor General. The government on that time was lead by the Governor General. He was considered as the representative of Spain and the King himself. He is the highest officer in
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“TAX SYSTEM OF THE PHILIPPINES: ITS ASSESSMENT” I. INTRODUCTION Taxation: Defined As defined by Cooley‚ taxation is the process or means by which the sovereign‚ through its law-making body‚ raises income to defray the necessary expenses of government. It is expressed in another way as a method of apportioning the cost of government among those who in some measure are privileged to enjoy its benefits and must‚ therefore‚ bear its burdens. In order to finance the necessary expenses of the government
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BSP Releases Report on the Philippine Financial System for the First Semester of 2011 11.03.2011 The Bangko Sentral ng Pilipinas (BSP) recently released the Status Report on the Philippine Financial System for the first semester of 2011. The report provides an account of the performance of the banking system and other financial institutions such as non-banks with quasi-banking functions‚ non-stock savings and loan associations‚ offshore banks‚ and trust entities under BSP supervision. Also included
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of the Philippine Educational System Education in the Philippines evolved from early settlers to the present. Education in the country is in great importance because it is the primary avenue for upward social and economic mobility. Philippine educational system has a very deep history from the past in which it has undergone several stage of development going to the present system of education. Education from Ancient Early Filipinos The education of pre-Spanish time in the Philippines was informal
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1. The two-party system should be adopted in the Philippines substituting the multi-party system that our government is currently adhering to because of the following justifications: a. The two-party system is a more efficient mechanism in creating a more effective government as compared to the multi-party system that the Philippines are currently adopting. In a political environment created by a two-party system‚ the objective and ideology of each of the two major parties is clearly identifiable
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PROFILE OF PHILIPPINE TARIFF SYSTEM Tariff Originated from Old Spanish coast town of Tarifa‚ 21 miles from Gibraltar‚ which received its name in the Arab who are said to named it after “Tariff Iban Malik”. Like Gibraltar‚ Tarifa is a high promontory and is connected to the coast only by a narrow cause way‚ easily defended. When the moors‚ many centuries ago‚ founded the town of Tarifa‚ they prepared the way for a system that is probably the most important factor in the international trade. As
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Title: Position Paper regarding the failure of the Philippine Presidential System. Yes. I terribly agree of Bastiaan van de Loo that there is really a failure of the Philippine presidential system. From the beginning there is a failure occurred in election. From his article‚ he stated that the “Philippine elections are won through a mix of popularity‚ populism‚ and money politics”. This is true because on what I had observed on our town during election electoral candidates practiced and exercised
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Philippine Educational System Problems The modern Philippine educational system is filled with an assortment of problems. Many students are not learning much at all. Most students are graduating with less knowledge and capability than similar students in other industrialized countries. Classroom disruptions are surprisingly common. School violence is rampant‚ including the many violent incidents we all hear about in the news. Even violence on school buses is a tremendous problem. To me
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