Commercial Banks

Nikolas Reece
Quiz by , created over 3 years ago

2016 CSEC Economics (Section 5 - Financial Sector) Quiz on Commercial Banks, created by Nikolas Reece on 05/13/2016.

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Nikolas Reece
Created by Nikolas Reece over 3 years ago
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Question 1

Question
Which of the following is NOT a commercial bank which operates in Trinidad and Tobago?
Answer
  • FCB
  • TCB
  • RBC
  • RBL

Question 2

Question
Which of the following is NOT a financial service offered by commercial banks?
Answer
  • Safekeeping services
  • Distribution of notes and coins
  • Issuing notes and coins
  • Issuing Credit Card

Question 3

Question
A commercial bank is a FOR-PROFIT making financial institution.
Answer
  • True
  • False

Question 4

Question
There are currently eight (8) commercial banks operating in Trinidad and Tobago
Answer
  • True
  • False

Question 5

Question
Which of the following are financial services offered by commercial banks? (check all that apply)
Answer
  • Offer safekeeping services
  • Provide payment services
  • Automated Teller Machines (ATM) Services
  • Determine the foreign exchange rate