Quetzal ("Merriam-Webster's Collegiate Dictionary"), from the Nahuatl root = "stand up" used to refer to an upstanding plume of feathers. The word entered English through Spanish. The word "quetzal" was originally used for just the resplendent quetzal, the long-tailed quetzal of Guatemala, (more specifically a town called Petén) which is the national bird and the name of the currency of Guatemala. It still often refers to that bird specifically but now also names all the species of the genera "Pharomachrus" and "Euptilotis". "Pharomachrus" is from Ancient Greek , "mantle", and , "long", referring to the wing and tail coverts of the
Monetary policy of the Philippines banks cannot lend out to people. They always need to maintain a certain balance of money, which are called "reserves". Once these reserve requirements are changed and are varied, changes in the monetary supply will be observed greatly. Two Forms: In accordance with Republic Act No. 265, The Bangko Sentral ng Pilipinas or BSP is the central monetary authority of the republic of the Philippines. It provides policy directions in the areas of money, banking and credit and exists to supervise operations of banks and exercises regulatory powers over non-bank financial institutions. It keeps aggregate demand from growing rapidly with