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1. What is the second largest industry in The Bahamas?
A
Tourism
B
Agriculture
C
Financial services
2. Which country is The Bahamas an important offshore banking center for?
A
Asia
B
Europe
C
North and South America
3. Which bank regulates all the other banks in The Bahamas?
A
Bank of America
B
Royal Bank of Canada
C
Central Bank of The Bahamas
4. What is the value of the Bahamian dollar compared to the American dollar?
A
Higher
B
Almost equal
C
Lower
5. What services do banks provide?
A
Deposits, withdrawals, loans, safety deposit boxes, etc.
B
Cooking, painting, singing, etc.
C
Grocery shopping, cleaning, gardening, etc.
6. What is the main function of a commercial bank?
A
Sell cars and houses
B
Accept demand deposits and make loans
C
Provide medical services
7. What is an offshore bank?
A
A bank that operates outside the country of the depositor
B
A bank that operates only on weekends
C
A bank that operates underwater
8. What types of insurance do companies provide?
A
Food, clothing, and shelter insurance
B
Music, movies, and books insurance
C
Life, health, accident, home, vehicle, and marine insurance
9. What can insurance holders claim for hurricane damage?
A
Tornado coverage
B
Hurricane coverage
C
Earthquake coverage
10. What must be accompanied by photographs when claiming for hurricane damage?
A
ID cards
B
Receipts
C
Claims