Banking

What is the 2nd leading industry in The Bahamas?

• Banking and Finance

• Tourism

• Fishing

• Farming

What is the 1st leading industry in The Bahamas?

• Banking and Finance

• Tourism

• Farming

• Fishing

What are the different types of banks?

• Commonwealth Bank

• Scotia Bank

• Offshore Bank

• Commercial Bank

The function of a bank is to....

• collect savings

• sell houses

• transfer money

• lend money

What is the name of the first bank in The Bahamas?

• Bank of The Bahamas

• Royal Bank

• The Government Saving Bank

• The Bahamas National Bank

What was the name of the first foreign bank in The Bahamas?

• Scotia Bank

• The Royal Bank of Canada

• First Caribbean

• City Bank

Central Bank of The Bahamas is regular bank that lend and collect saving funds.

• True

• False

Some commercial Banks found in The Bahamas are:

• CitBank

• FINCO

• First Caribbean

• Bank of The Bahamas

A Commercial bank engage in business with the public in order to....

• sell houses

• make a profit

• collect funds

• to give scholarships

The purpose of The Bahamas Development Bank is to ...

• to lend and collect mortgages

• provide medium and long term financing

• give scholarships

• transfer funds to foreign countries