Financial Services in The Bahamas Grade 5

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Test your knowledge about the financial services sector in The Bahamas with these 10 questions!

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Virtual School Bahamas

Bahamas

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Froggy Jumps Financial Services in The Bahamas Grade 5Versión en línea Test your knowledge about the financial services sector in The Bahamas with these 10 questions! por Virtual School Bahamas 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

Froggy Jumps

Financial Services in The Bahamas Grade 5Versión en línea

Test your knowledge about the financial services sector in The Bahamas with these 10 questions!

por Virtual School Bahamas

What is the second largest industry in The Bahamas?

Tourism

Agriculture

Financial services

Which country is The Bahamas an important offshore banking center for?

Asia

Europe

North and South America

Which bank regulates all the other banks in The Bahamas?

Bank of America

Royal Bank of Canada

Central Bank of The Bahamas

What is the value of the Bahamian dollar compared to the American dollar?

Higher

Almost equal

Lower

What services do banks provide?

Deposits, withdrawals, loans, safety deposit boxes, etc.

Cooking, painting, singing, etc.

Grocery shopping, cleaning, gardening, etc.

What is the main function of a commercial bank?

Sell cars and houses

Accept demand deposits and make loans

Provide medical services

What is an offshore bank?

A bank that operates outside the country of the depositor

A bank that operates only on weekends

A bank that operates underwater

What types of insurance do companies provide?

Food, clothing, and shelter insurance

Music, movies, and books insurance

Life, health, accident, home, vehicle, and marine insurance

What can insurance holders claim for hurricane damage?

Tornado coverage

Hurricane coverage

Earthquake coverage

What must be accompanied by photographs when claiming for hurricane damage?

ID cards

Receipts

Claims

Financial Services in The Bahamas Grade 5

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Froggy Jumps

Financial Services in The Bahamas Grade 5Versión en línea

por Virtual School Bahamas

What is the second largest industry in The Bahamas?

Which country is The Bahamas an important offshore banking center for?

Which bank regulates all the other banks in The Bahamas?

What is the value of the Bahamian dollar compared to the American dollar?

What services do banks provide?

What is the main function of a commercial bank?

What is an offshore bank?

What types of insurance do companies provide?

What can insurance holders claim for hurricane damage?

What must be accompanied by photographs when claiming for hurricane damage?