Escolar Documentos
Profissional Documentos
Cultura Documentos
FUNCTIONS OF MONEY
Medium of Exchange
FUNCTIONS OF MONEY
Store of Value
FUNCTIONS OF MONEY
Unit of Account (Measurement)
FUNCTIONS OF MONEY
Standard of Deferred Payment (Means of Payment)
CHARACTERISTICS OF MONEY
Durability
Portable
Divisible
Hard to Counterfeit
Generally Accepted by the Population
Valuable
Scarce
MONEY AND PRICES
1
=
where P = index no.
Inflation and Acceptability
Universal Banks
Commercial Banks
Specialized Government Banks
Thrift Banks
Small Private Banks
What is a Central Bank?
Liquidity Management
Currency Issue
Lender of Last Resort
Financial Supervision
Management of Foreign Currency Reserves
BANGKO SENTRAL
NG PILIPINAS
The Three Pillars
1. Price Stability
Inflationary targeting
Promote economic efficiency and
improve well-being of the Filipinos
The Three Pillars
2. Financial Stability
Maintain the health of the banking
system so that it can effectively
intermediate between providers
and users
The Three Pillars