Nikolas Reece
Quiz by , created more than 1 year ago

2016 CSEC Economics (Section 5 - Financial Sector) Quiz on Central Bank Functions, created by Nikolas Reece on 19/05/2016.

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Nikolas Reece
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Central Bank Functions

Question 1 of 8

1

Which of the following market structures best describes the commercial banking sector of Trinidad and Tobago

Select one of the following:

  • oligopoly

  • perfect competition

  • monopoly

  • monopolistic competition

Explanation

Question 2 of 8

1

One of the functions of the Central Bank is to

Select one of the following:

  • Provide businesses with capital

  • Provide aid to countries in need

  • Accept deposits from members of the public

  • Manage the issue of treasury bills

Explanation

Question 3 of 8

1

Which of the following is NOT a function of the central bank?

Select one of the following:

  • It accepts deposits

  • It is a banker for the government

  • It makes loans for commercial banks

  • It issues foreign currency

Explanation

Question 4 of 8

1

Which of the following is referred to as the banker’s bank?

Select one of the following:

  • The World Bank

  • The Central Bank

  • A commercial bank

  • An investment bank

Explanation

Question 5 of 8

1

“The Central Bank will manage the foreign exchange rate and the reserves levels.”. Which of the following functions of the Central Bank below best describe the statement above:

Select one of the following:

  • Lender of last resort

  • Implements monetary policy

  • Banker to the government

  • Manage foreign exchange

Explanation

Question 6 of 8

1

“The Central Bank manages economic policies which influence the money supply in the economy such as interest rates and bank reserve levels.” Which of the following functions of the Central Bank below best describe the statement above:

Select one of the following:

  • Lender of last resort

  • Implements monetary policy

  • Banker to the government

  • Manage foreign exchange

Explanation

Question 7 of 8

1

“The central bank must always be prepared to help commercial banks when they face liquidity problems’”. Which of the following functions of the Central Bank below best describe the statement above:

Select one of the following:

  • Lender of last resort

  • Implements monetary policy

  • Banker to the government

  • Manage foreign exchange

Explanation

Question 8 of 8

1

The present Governor of the Central Bank of Trinidad and Tobago is

Select one of the following:

  • Dr. Alvin Hilaire

  • Dr. Keith Rowley

  • Colm Imbert

  • Jawala Rambarran

Explanation

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