
FME3
Quiz
•
Social Studies
•
University
•
Medium
Elvie Enolpe
Used 6+ times
FREE Resource
39 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Public finance is the management of a country’s revenue, expenditures, and debt load
through various government and quasi-government institutions.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the government has a deficit (spending is less than revenue), it will fund the
difference by borrowing money and issuing national debt.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Spain imposed tributes or taxes upon Filipinos for its survival and benefit. As early as 152, the Spanish
government embodied in the laws of the Indies.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The Japanese entered Manila on January 2, 1942. The occupation officially terminated on September 2,
1945, the day the Japanese surrender was signed aboard the battleship, USS Missouri, in Tokyo bay.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a mixed economy, the market equilibrium is tough to maintain because of public and private
interests.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It refers to money spent by the public sector on the acquisition of goods and provision of services such as education, healthcare, social protection, and defense.
Government Debt
Government Spending
Government Budget
Government Tax
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The responsible for crafting and passing laws, as well as performing checks and balances on
the executive branch.
Senate of the Philippines
House of the Representatives
Philippines Fiscal Framework
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