WorksheetsFINANCIAL SECTOR
Total questions: 20
Worksheet time: 30mins
Which of the following is NOT a financial institution ?
Credit Union
Central Bank
Insurance Company
National Lotteries Control Board
Which of the following is part of the INFORMAL financial sector?
Building Society
Sou Sou
Credit Union
Development Bank
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
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
Which of these is NOT a monetary policy tool?
Discount rate
Balance Accounts
Open Market Operation
Reserved Requirements
Which of the following is NOT a function of commercial bank?
Providing financial and tax planning advice
Print money
Providing insurance
Exchanging foreign currencies
How many central banks are there in the Bahamas?
1
2
3
4
Who own the Central Bank
the Prime Minister
Government
Private Business Owner
Opposition Leader
the Function of The Central Bank that control the money supply is
lender of last resort
Advisor to the government
controls the issue of currency
bankers bank
The Function of the Central bank that helps the government to get a loan is
the governments bank
governments' advisor
managing government borrowing
bankers bank
A financial sector does not have the responsibility of encouraging saving
True
False
Which of the following is a function of the financial sector?
redirecting savings funds to investors in a way that makes a profit
Participating in the four P's of marketing
Looking for the best production costs
Financial markets have the basic function of
Bringing together
people with funds to lend and people who want to borrow funds.
Assuring that the swings in the business cycle are less pronounced.
Assuring that governments need never resort to printing mone
both (B) and (C) of the above
Financial institutions are also known as ______________.
Financial organization
Financial intermediaries
Financial system
Any of the above
One of the MAJOR functions of a Central Bank is to
issue notes and coin
issue stocks and shares
accept deposit accounts
make loans and advances
Which of the following are services provided by commercial banks?
I. Controlling the supply of money
II. Offering loans to small businesses
III. Accepting deposits from customers.
I and II only
I and III only
II and III only
I, II and III
