Government

Sanate

In the United States Congress, the upper house is known as;

Who can declare if a law is unconstitutional?

Legislative branch

Supreme court

The ___________ is a part of the Judicial branch of government;

Make laws

What is the primary function of the legislative branch in a government system?

Legislative

branch of government is responsible for making laws within a country

Government

. A __________ is the system or group of people governing an organized community, often a state, but also other entities;

True

. Fiscal policy is the guiding force that helps the government decide how much money it should spend to support the economic activity, and how much revenue it must earn from the system, to keep the wheels of the economy running smoothly;

False

. The Annual Percentage Yield (APY) is the cost you pay each year to borrow money, including fees, expressed as a percentage.

True

A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans;

True

A financial intermediary is an institution or individual that serves as a middleman among diverse parties in order to facilitate financial transactions.

True

A medium of exchange is an intermediary instrument, such as currency, used to facilitate the sale, purchase, or trade of goods between parties;

Bill

A proposed law is called a ____ and it is first introduced by a member of Congress

True

Congress is made up of two houses. The House of Representatives and The Senate;

The executive branch

Enforces laws

The president

Head of the Executive Branch

Two: the Senate and the House of Representatives

In a bicameral legislative system, how many chambers or houses does the legislature have?

CENTRAL AND REGIONAL GOVERNMENT

In a federal system of government, power is divided between

Prime minister

In a parliamentary system, who is the head of government?

President

In a presidential system, who is the head of state and head of government?

Prime minister

In parliamentary systems, parliament holds significant political control, and is central in the selection of the head of the government

False

In trade, barter is a mechanized system of exchange where participants in a transaction directly exchange goods or services for other goods or services;

True

Inflation is measured in a variety of ways depending upon the types of goods and services considered and are the opposite of deflation which indicates a general decline occurring in prices for goods and services when the inflation rate falls below 0%:

True

Interest, in finance and economics, is payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum at a particular rate

True

Rising prices are the root of inflation, though this can be attributed to different factors. In the context of causes, inflation is classified into three types: Demand-Pull inflation, Cost-Push inflation, and Built-In inflation;

True

Taxation refers to the act of levying or imposing a tax by a taxing authority;

True

The Bangko Sentral ng Pilipinas (BSP) is the central bank of the Republic of the Philippine

Executive Branch

The President of the Philippines is a part of ___________ branch of government

Legislative branch

The __________is authorized to make laws, alter, and repeal them through the Power vested in the Philippine Congress;

True

The annual percentage yield (APY) is the real rate of return earned on a savings deposit or investment taking into accounts the effect of compounding interest.

Committee

The bill, whether it starts in the Senate or the House of Representatives, is then assigned to a ________.

The Constitution

The fundamental law of the land;

Legislative

The main function of this branch, whether it is at the federal or state level, is to create laws. A proposed law is called a bill and it is first introduced by a member of Congress.

Legislative Branch

The senate is a part of the ___________ branch of the governmen

Interest, in finance and economics, is payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum, at a particular rate;

True

Congress, Judicial and Executive

What are the three branches of Government?

House of Representatives and the Senate

What are the two houses of Congress?

REVIEW AND ANALYZE LEGISLATION

What is the main purpose of the committee system in a legislature?

Impeachment

What is the name given to the process of formally charging a government official with misconduct while in office?

Interpret laws

What is the primary function of the judicial branch of government?

Make laws

What is the purpose of the legislative branch in a government system?

Democracy

What is the term for a system of government in which power is held by the people, who elect representatives to make decisions on their behalf?

legislative process

What is the term for the process by which a bill becomes a law?

Judicial Branch

Which branch of government evaluates laws?

Executive

Which branch of government is responsible for implementing and enforcing laws?

Executive Branch

Which branch of the government carries out the laws?

Legislative branch

Which branch of the government makes, debates, and passes the laws?

Constitution

Which document serves as the supreme law of the Republic of the Philippines?

Veto

Which term is used to describe the rejection of a bill by the head of state or executive.

Dictatorship

Which type of government is characterized by a single ruler with absolute power and authority?

Legislative Branch

Who Controls the Impeachment Process?

Money

__________is often defined in terms of the three functions or services that it provides:

True

a bill becomes a law, even without the President's signature, if the President does not sign a bill within 30 days from receipt in his office

Dictatorship

a form of government characterized by the absolute rule of one person or a very small group of people who hold all political power

Presidential system

a single executive system, is a form of government in which a head of government, typically with the title of president, leads an executive branch that is separate from the legislative branch in systems that use separation of powers.

Lesgislatures

are made up of people called legislators who, in democracies, are elected by the country's population.

False

he Annual Percentage Rate (APR) is the cost you pay each year to borrow Money, including fees, expressed as a percentage;

judical government

in charge of deciding the meaning of laws, how to apply them to real situations, and whether a law breaks the rules of the Constitution.

True

in the United States, both the national government and the state governments possess a large measure of sovereignty

Democracy

meaning "rule of the people", is a system of government in which the citizens exercise power directly or elect representatives from among themselves to form a governing body, such as a parliament. Democracy is sometimes referred to as "rule of the majority".

Federalism

system of government in which power is divided between a central government and regional governments

The Constitution 1987

the fundamental law of the land in the Philippines. It establishes the structure, policies, roles and duties of the Philippines' government.

The Constitution

the highest law of our Nation