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- 1. Multiple-choice20 seconds1 pt
Which type of industry offers services as the final product?
Primary
Secondary
Tertiary
Quaternary
- 2. Multiple-choice20 seconds1 pt
Which type of industry is Banking and Financial Services?
Primary
Secondary
Tertiary
Quaternary
- 3. Multiple-choice10 seconds1 pt
3. True or false. The Banking industry employs highly educated workers.
True
False
- 4. Multiple-choice20 seconds1 pt
Which is the most important industry in The Bahamas?
Farming
Fishing
Mining
Tourism
- 5. Multiple-choice20 seconds1 pt
Which is the second most important industry in The Bahamas?
Fishing
Mining
Tourism
Banking and Financial Services
- 6. Multiple-choice30 seconds1 pt
Which different types of Banking are there in The Bahamas?
Commercial Banks
Great Bahama Bank
Offshore Banks
Cay Sal Bank
- 7. Multiple-choice20 seconds1 pt
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-choice20 seconds1 pt
The type of bank where all persons may use its services is known as?
Offshore banks
Trust Companies
Commercial Banks
Insurance Companies
- 9. Multiple-choice20 seconds1 pt
The oldest commercial bank in The Bahamas is
Commonwealth Bank
Peoples' Penny Savings Bank
Scotia Bank
Royal Bank of Canada
- 10. Multiple-choice20 seconds1 pt
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-choice20 seconds1 pt
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-choice20 seconds1 pt
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-choice20 seconds1 pt
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-choice30 seconds1 pt
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-choice30 seconds1 pt
In which type of Banking is The Bahamas the middleman between two other countries?
Commercial banking
Offshore banking
Central banking
Development banking
- 16. Multiple-choice30 seconds1 pt
Which bank regulates all of the government distributing money into the society?
Commercial banks
Central bank
Offshore banks
Development banks
- 17. Multiple-choice30 seconds1 pt
Which type of bank keeps a reserve of foreign currency for the government?
Commercial Banks
Central Bank
Offshore Banks
Development Bank
- 18. Multiple-choice45 seconds1 pt
How does the Government earn money from the Banking and Financial services industry?
Taxes
Stamp Duties
Employment of workers
Granting licenses
- 19. Multiple-choice30 seconds1 pt
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-choice30 seconds1 pt
Which type of bank offers tax havens?
Commercial banks
Offshore banks
Development banks
Central banks
- 21. Multiple-choice45 seconds1 pt
Which are the world's strongest (currencies)?
American dollar
British Pound
Euro
Bahamian dollar
- 22. Multiple-choice30 seconds1 pt
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-choice45 seconds1 pt
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-choice45 seconds1 pt
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-choice30 seconds1 pt
Which of the following is NOT a commercial bank in The Bahamas
Scotia Bank
Royal Bank of Canada
HSBC
Commonwealth Bank
- 26. Multiple-choice30 seconds1 pt
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
