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 low. Errors in CPI measurement could lead to ineffective and unsuitable monetary policy response by the BSP which definitely result to detrimental effects to the economy. Another issue arising from monetary policies is the liquidity trap. This happens when inflation rate declines too much leading to a threat of deflation. Liquidity trap is defined as a situation in which there are zero nominal interest rates, persistent deflation and deflation expectations. In the event this occurs, bonds and money earn the same real rate of return thus making people indifferent to holding bonds or excess money. Given high budget deficits, the