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Social Studies
8th -
9thgrade
Banking and Financial Services in The Bahamas
26 questions
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- 1. Multiple Choice
Which type of industry offers services as the final product?
Primary
Secondary
Tertiary
Quaternary
- 2. Multiple Choice
Which type of industry is Banking and Financial Services?
Primary
Secondary
Tertiary
Quaternary
- 3. Multiple Choice
3. True or false. The Banking industry employs highly educated workers.
True
False
- 4. Multiple Choice
Which is the most important industry in The Bahamas?
Farming
Fishing
Mining
Tourism
- 5. Multiple Choice
Which is the second most important industry in The Bahamas?
Fishing
Mining
Tourism
Banking and Financial Services
- 6. Multiple Choice
Which different types of Banking are there in The Bahamas?
Commercial Banks
Great Bahama Bank
Offshore Banks
Cay Sal Bank
- 7. Multiple Choice
The distributor of ALL notes and coins for The Bahamas is done through which of the following banks?
Scotia Bank
Commonwealth Bank
Central Bank
Bank of The Bahamas
- 8. Multiple Choice
The type of bank where all persons may use its services is known as?
Offshore banks
Trust Companies
Commercial Banks
Insurance Companies
- 9. Multiple Choice
The oldest commercial bank in The Bahamas is
Commonwealth Bank
Peoples' Penny Savings Bank
Scotia Bank
Royal Bank of Canada
- 10. Multiple Choice
Which type of bank does the government use to help its people to set up a business?
Commercial Banks
Offshore Banks
Development Bank
Central Bank
- 11. Multiple Choice
From which type of bank can the public borrow money to pay for a house?
Commercial Banks
Central Bank
Development Bank
Offshore Banks
- 12. Multiple Choice
From which type of bank can the public go to buy or sell foreign exchange?
Commercial Banks
Offshore Banks
Development Banks
Peoples' Penny Savings Bank
- 13. Multiple Choice
To which type of bank can ordinary people go to save their own money securely?
Commercial Banks
Offshore Banks
Development Banks
Central Banks
- 14. Multiple Choice
Which type of bank is used ONLY by non-Bahamians to transfer money between different countries?
Commercial Banks
Offshore Banks
Development Banks
Insurance Companies
- 15. Multiple Choice
In which type of Banking is The Bahamas the middleman between two other countries?
Commercial banking
Offshore banking
Central banking
Development banking
- 16. Multiple Choice
Which bank regulates all of the government distributing money into the society?
Commercial banks
Central bank
Offshore banks
Development banks
- 17. Multiple Choice
Which type of bank keeps a reserve of foreign currency for the government?
Commercial Banks
Central Bank
Offshore Banks
Development Bank
- 18. Multiple Choice
How does the Government earn money from the Banking and Financial services industry?
Taxes
Stamp Duties
Employment of workers
Granting licenses
- 19. Multiple Choice
The term "tax haven" refers to
Money is kept safely
Money is not issued
No payment of taxes on the money
No one knows the money is there
- 20. Multiple Choice
Which type of bank offers tax havens?
Commercial banks
Offshore banks
Development banks
Central banks
- 21. Multiple Choice
Which are the world's strongest (currencies)?
American dollar
British Pound
Euro
Bahamian dollar
- 22. Multiple Choice
Which government ministry controls banking and financial practices in The Bahamas?
Ministry of National Security
Ministry of Finance
Ministry of Foreign Affairs
Ministry of Public Works
- 23. Multiple Choice
Banking is important as an industry because
It earns a lot of money
It employs a lot of people
It provides jobs for highly skilled workers
It invites foreign investors
- 24. Multiple Choice
A downfall in this industry is that
It employs a lot of people
It earns big salaries for workers
It does not employ a lot of people
It is not owned by the local people
- 25. Multiple Choice
Which of the following is NOT a commercial bank in The Bahamas
Scotia Bank
Royal Bank of Canada
HSBC
Commonwealth Bank
- 26. Multiple Choice
Which of the following is a commercial bank in The Bahamas?
The Central Bank of The Bahamas
The Development Bank of The Bahamas
HSBC
Commonwealth Bank of The Bahamas
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