What is the currency of the Bahamas?

What is the currency of the Bahamas?

• A. Bahamian Dollar
• B. East Caribbean Dollar
• C. US Dollar
• D. Jamaican Dollar

Answer: (A)

The currency of the Bahamas is the Bahamian Dollar. This currency is officially used in the country and is denoted by the symbol '$' or 'B$' to distinguish it from other dollar-denominated currencies. The Bahamian Dollar is on par with the US Dollar, meaning that one Bahamian Dollar is equal to one US Dollar, which allows for ease of exchange and travel between the two countries. While the US Dollar is widely accepted in the Bahamas, it is not the official currency; the Bahamian Dollar is, thus reinforcing its primary role in the country's economy. The East Caribbean Dollar is used by several countries in the Eastern Caribbean but not in the Bahamas, while the Jamaican Dollar is the currency of Jamaica, making them irrelevant in the context of the Bahamas.

The currency of the Bahamas is the Bahamian Dollar. This currency is officially used in the country and is denoted by the symbol '$' or 'B$' to distinguish it from other dollar-denominated currencies. The Bahamian Dollar is on par with the US Dollar, meaning that one Bahamian Dollar is equal to one US Dollar, which allows for ease of exchange and travel between the two countries. While the US Dollar is widely accepted in the Bahamas, it is not the official currency; the Bahamian Dollar is, thus reinforcing its primary role in the country's economy.

The East Caribbean Dollar is used by several countries in the Eastern Caribbean but not in the Bahamas, while the Jamaican Dollar is the currency of Jamaica, making them irrelevant in the context of the Bahamas.