Essential Services and Money

Who is responsible for printing and distributing of Bahamian dollars for our direct use?

• The Central Bank

• Bank of The Bahamas

• Commonwealth Bank

• CIBC

The production of Bahamian coins and Banknotes takes place in.........

• New York, United States

• Nassau, Bahamas

• Ontario, Canada

• Hampshire, England

The Bahamian dollar is officially "pegged" to the ___________

• Canadian dollar

• English pound

• U.S dollar

• Hampshire England

Which one of the following statements about money is TRUE?

• The first person to use money to trade was Christopher Columbus

• Countries control the printing of money which does NOT affect the value of money.

• The people guarantee the worth of money.

• The government control the rate of when money is printed, and how fast, therefore this affects the value of money.

Which of the following factors can cause money to decrease?

• Supply and goods

• Demand and services

• Goods and services

• Supply and demand

What does the term "barter system" refers to?

• A system where money was exchange for goods.

• A system were goods were exchanged for goods.

• A system where goods were exchanged for service.

• A system were money was exchanged for service.

Which of the following materials are banknotes made of?

• cotton and satin

• linin and cotton

• cotton and leather

• paper and linin

Which of the following is NOT an essential service?

• Electricity

• Water

• Transport

• Food

Good roads are essential for........?

• Trade

• Industry

• Travelers

• All of the above

What is the meaning of the term "tender"?

• This refers to when individuals are invited to submit proposals.

• Companies are invited to submit proposals.

• Teams are invited to submit proposals.