Specialty Banks
Quiz by Guerline Joseph
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- Q1
If the banking system is short on reserves this facility acts as a lender of last resort.
Development Bank
Offshore Bank
Commercial Bank
The Central Bank
30s - Q2
The Bahamas Mortgage Corporation is an example of a:
Merchant Bank
Building Society
Offshore Bank
Commercial Bank
30s - Q3
This bank encourages the small saver and its funds are then loaned to the government.
Cooperative Society
Federal Reserve
Fidelity Bank
National Savings Bank
30s - Q4
When a trader uses this service the bank provides him or her with a wallet for storing cash and cheques.
Central Bank
Giro Bank
Offshore Bank
Merchant's Bank
30s - Q5
This entity manages the foreign exchange reserve of a country.
Royal Bank of Canada
Development Bank
Central Bank
Citibank
30s - Q6
Merchant banks normally specializes in __________ banking.
wholesale
private
retail
none of the above
30s - Q7
The National Savings Bank regulate the supply of money in an economy.
false
true
30s - Q8
The Central Bank can instruct Commercial Banks to increase interest rates on loans.
false
true
30s - Q9
The role of The Bahamas Development Bank is to provide loans to Bahamian entrepreneurs.
false
true
30s - Q10
The central bank in the United States is known as:
Bank of America
The Citibank
The Federal Reserve
HSBC
30s