(True or False and explain) Consider a dual currency regime featuring Red and Blue Money. Let the dividends on each currency be yR=0.15 and yB=0.10, then red money is universally accepted but blue money may be partially accepted.

Please read and understand the five section provided below and make a simple explanation and give a example for me to understand it more.  ARTICLE III. REGULATION OF FOREIGN EXCHANGE OPERATIONS OF THE BANKS IN THE PHILIPPINESSEC. 76. Foreign Exchange Holdings of the Banks. _ In order that the Bangko Sentral may at all times have foreign exchange resources sufficient to enable it to maintain the international stability and convertibility of the peso, or in order to promote the domestic investment of bank resources, the Monetary Board may require the banks to sell to the Bangko Sentral or to other banks all or part of their surplus holdings of foreign exchange. Such transfers may be required for all foreign currencies or for only certain of such currencies, according to the decision of the Monetary Board. The transfers shall be made at the rates established under the provisions of Section 74 of thisAct.The Monetary Board may, whenever warranted, determine the net assets and net…

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A Japanese tourist rents a hotel room in London. The impact on BOP will be debit for Japan current account (-) and a credit for UK current account (+). True or False?