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Caribbean Financial Institutions Quiz

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Caribbean Financial Institutions Quiz

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Test your knowledge of financial institutions in the Caribbean.

Created by

Montex
Montex
Canada

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Caribbean Financial Institutions Quiz
 

Caribbean Financial Institutions QuizOnline version

Test your knowledge of financial institutions in the Caribbean.

by Montex
1

Credit unions are open to the general public for deposits without any membership requirement.

2

Building societies refuse to lend to non-members under any circumstances.

3

Commercial banks accept deposits from individuals and firms.

4

The central bank directly offers consumer loans to individuals at market rates.

5

Mutual funds invest exclusively in government bonds and never in other securities.

6

A building society is a financial institution owned by its members that offers mortgage lending.

7

The central bank is the sole issuer of new notes and coins in the economy.

8

The stock exchange guarantees payment to buyers only, and not to sellers, in all transactions.

9

A stockbroker is a licensed individual who acts as an agent for clients, buying and selling shares on the client’s behalf.

10

A stock exchange is a corporation that brings buyers and sellers of company stock together.

 
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