What Is The Philippine Monetary System?


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Raymund Aban answered
monetary system includes in its scope the designation of the
unit of account plus the whole government mechanism established to regulate the
creation of money and to control its quantity in circulation. The monetary
system is designed in every country in accordance with its domestic and
international requirements.

We can say that all the economic values are dependent on the monetary system
and it is the main part of the economic system of the country.

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