IB Teller : Quiz 1
Quiz by Glenn David McMeeking
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6 questions
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- Q1What year did the present Exchange Control measures get introduced?193320111967196130s
- Q2What is the main purpose of Exchange Control?Ensure timeous repatriation to SA banks of all forex & Prevent loss of forex resourcesTo limit tourists to SA and to charge exchange ratesPrevent loss of forex resources & Control SA residents from traveling abroadControl SA residents from traveling abroad and to limit Tourists to SA30s
- Q3If contravention of Regulation 22, of the Exchange Control Regulations or failure to comply with what will happen to you?Imprisonment of 5 yearsBothFined R250 00030s
- Q4What regulations will you be need to be aware of when dealing with IB products and services?Regulation 11 and 12Regulation 7 and 8Regulation 2.4 and 2.5Regulation 9 and 1030s
- Q5Foreign Banknotes are banknotes of countries outside the Common Monetary Area (CMA). This statement is........................FalseTrue30s
- Q6Besides South Africa , the other countries of the CMA are:Lesotho, Swaziland and MozambiqueLesotho, Swaziland and AngolaLesotho, Swaziland and ZimbabweLesotho, Swaziland and Namibia30s