A.

1. Describe the history of money in the Philippines.

2. Explain briefly how money facilitates the flow of resources in macroeconomy.

3. A student makes the following assertion:

"It is not possible for the total value of production to increase unless the money supply also increases. After all, how can the value of the goods and services being bought and sold increase unless there is more money available."

Explain whether you agree with this assertion.

4. Some investment analysts argue that very low interest rates in some long-term bonds make them risky investments. Why do interest rates and prices of financial securities move in opposite directions?

5. Does preference of liquidity increase or decrease the cash value of a future income?

B.

1. Explain the expression "Legal Tender".

2. Explain briefly the importance of using checks in paying for goods or services purchased.

3. Describe bitcoin and blockchain.

4. Describe a cashless society. Is it easily attainable?