FME3

FME3

University

39 Qs

quiz-placeholder

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FME3

FME3

Assessment

Quiz

Social Studies

University

Medium

Created by

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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