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WorksheetsFinancial Sector (CSEC)
Total questions: 14
Worksheet time: 7mins
All the firms involved in the provision of financial services.
Public Sector
Banking Sector
Financial Sector
Informal Sector
The financial sector caters to:
Retail customers
Commercial customers
All of the above
None of the above
Which of the following is NOT a financial institution ?
Credit Union
Central Bank
Insurance Company
National Lotteries Control Board
Where persons come together to make regular periodic contributions to a common fund, which is then giving as a lump sum to one member in each cycle.
Blessing Circle
Blessing Loom
Sou Sou
Loan
Which of the following is NOT another word for Sou Sou?
Blessing Circle
Sindicatos
Meeting Turns
Box
Which of the following is part of the INFORMAL financial sector?
Building Society
Sou Sou
Credit Union
Development Bank
Which of the following is TRUE about the INFORMAL financial sector?
It creates tax revenue
It has no cost savings
It forms a type of economic buffering
It is illegal
The main role of the financial sector is to:
Allocate funds from savers to borrowers
Give expert advice
Keep customers assets safe
Be intermediaries for customers and businesses
The incentives banks give customers to save.
Capital
Dividends
Profit
Interest
The cost of borrowing from the banks.
Capital
Dividends
Profit
Interest
Which of the following is NOT a role of the commercial bank?
Provide foreign exchange services
Provide compensation
Distribute wealth equitably
Mobilize funds between savers and borrowers
Can persons can survive outside the formal financial sector?
Yes
No
Complete the text: For _______ is the root of all evil.
Money
Need for money
Requirement for money
Love of money
DID YOU READ AHEAD? This is the lender of last resort to the government.
Commercial Banks
Big Businesses
Central Bank
Sou Sous
