History of Paper Money in the Philippines The first paper money circulated in the Philippines‚ Pesos Fuertes‚ were issued in 1852 by El Banco Espanol Filipino de Isabel II‚ the first bank established in the country. The banknote‚ "Strong Pesos" in English‚ had denominations of 5‚ 10‚ 25‚ 50 and 100. The American authorities issued silver certificates series dated 1903 to 1918‚ then later replaced these with treasury certificates. The liberation of the Philippines in 1944 gave rise to
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Chemistry of Anti-money Counterfeiting Technology: The New Generation Philippine Banknotes I. Abstract Counterfeiting money is a big business for criminals. Nearly $70 million of fake currency gets used daily‚ costing consumers millions. In the present day‚ there are many new technologies that have been discovered and studied in order to help put counterfeiters out of business. Our currency is something that we must protect‚ which is why these technologies and discoveries are very important
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Money market trading strategies Looking at the prediction made‚ i.e. the money market interest rate will increase for the next six months‚ the team has come out with a few strategies to be undertaken in order to maximise the bank’s profit. The first instrument will be of the cash products‚ including overnight cash‚ 7-day cash and loan‚ and secondly‚ the discount security which consists commercial bills. 1. Overnight & 7-day Cash The bank can offer to take overnight deposits or make overnight
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come up with the money to pay it off. Borrow the least amount as possible. Take those baby steps is what I go by. So important to not over borrow I don’t want to be like some of my friends after all is said and done sit there questioning to myself now what? I know when I was a single mother going back to school it was nice that I didn’t really have to pay anything which was a huge stress reliever. Now being married its not the case‚ my husband and I make a little more money. I have found that
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answer. Answer: A) How many minute she went over the bill. B) $73.40=$65+1/10x C) 73.40 – 65 = 65 – 65 + 1/10x 8.40 x 10 = 1/10x x 10 x = 84 (5 points) 2. Andrea wants to deposit money into a bank account that earns 4% simple interest. Use the formula to find the amount of money that she should deposit so that she earns $2800 after 3.5 years. Show and explain your work. Answer: 2800 = (P) (0.04) (3.5) 2800/3.5/0.04 = P P = 20000 (7 points) 3
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Functions‚ Forms and History of Money. The use of money is as old as the human civilization. Money is basically a method of exchange‚ and coins and notes are just items of exchange. But money was not always the same form as the money today‚ and is still developing Money is anything that is commonly accepted by a group of people for the exchange of goods‚ services‚ or resources. Every country has its own system of coins and paper money. In the beginning‚ people bartered. Barter is the exchange
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MONEY IS THE ROOT OF ALL DEVIL Money seems to be the driving force in many people’s lives. However‚ I do not agree that money is the root of all evil. Money in itself is harmless. It is but a medium of exchange in trade. it is the love of money that can lead to evil. Money becomes a person’s master if that person values material possessions above everything else. Many people do not realize that they are enslaved by money. However‚ you know they are when making money is the top priority in
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weaknesses of money as a motivator at work. Essay Questions: In what ways can a worker be motivated at work? Can money be an effective motivator at work? How can be the personnel motivated? Thesis Statement: It goes without saying that money is an “engine” of everything but sometimes it may not be enough to keep this “blaze” in the eyes of an employee. Money as a motivator at work essay Table of contents: 1. Introduction 2. Money and motivation 1. Motivation of the personnel 2. Money‚ stimuli
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Managing Your Money as a Student Living away from home during your post secondary education usually means you are on your own for the first time and all of the financial burdens of life are on you. As a student‚ you can better manage your money by organizing and following strict spending practices. Tracking and budgeting money‚ paying yourself first‚ and planning ahead will all aid to a better management of your money. When it comes to your finances‚ begin by tracking your money and making a
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types of people as regards to spending money. One of them are the ones who could spend all of their money without even buy something substantial. On another hand‚ the ones who never spend more money than they could afford to spend. Since the life becomes increasingly difficult‚ I believe that‚ it is better to save some money for your future instead of spending them for immediate pleasures. First of all‚ at some point of your life‚ you might need more money than you could afford with your salary
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