LAMBINO, CHARLES JAY B.

APPLIED ECONOMICS │MODULE 9

ABM 12B JANUARY 4, 2020

ACTIVITY:

1. 10 Private Banks
a. Green Bank
b. Allied Banking Corporation
c. Banco de Oro Universal Bank (BDO Unibank)
d. Maybank
e. Royal Bank of Canada
f. Citibank
g. Wells Fargo Bank
h. Morgan Stanley Bank
i. Goldman Sachs Bank
j. Royal Mint Of Spain

2. 5 Public Banks
a. Metrobank
b. Bank of the Philippine Islands
c. Philippine National Bank
d. Landbank of the Philippines
e. Union Bank of the Philippines

3. Why in our economy has economic growth when the rates of foreign exchange are
increase?

An exchange rate is the value of a country's currency so moreover a strong

exchange rate can depress economic growth because it exports more expensive,
therefore less demand for exports. It imports cheaper, therefore more demand for
imported goods and therefore less demand for domestically produced goods. So that
when foreign exchange rates rise it will increase the rate of economic growth.

4. What do you mean by inflation?

Inflation is the rising of purchasing power of a given currency over time. It is

known as the rising prices because it impact the cost of living, the cost of doing
business, borrowing money, mortgages, corporate, and government earnings, and
every other aspect of the economy.