Bank and Banking Historical Perspective Worldwide
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Questions and Answers

Which historical period saw the development of the banking system starting in the temples of Babylon?

  • 16th Century
  • 2nd Century A.D.
  • 19th Century
  • 4th Century B.C. (correct)
  • What evidence of credit transactions was found in the ruins?

  • Clay tablets (correct)
  • Stones with inscriptions
  • Metallic coins
  • Papyrus scrolls
  • Which family was known as the greatest moneylenders of the 16th century?

  • Medici Family
  • Rothschild Family
  • Fugger Family (correct)
  • Vanderbilt Family
  • What was the first bank in the Philippines that started its operation in 1851?

    <p>Banco Enpaño-Filipino</p> Signup and view all the answers

    Which event led to the accessibility of European markets?

    <p>Opening of Suez Canal</p> Signup and view all the answers

    By the end of the Spanish Regime, how many banks were in operation in the Philippines?

    <p>4 banks (3 commercial, 1 savings)</p> Signup and view all the answers

    What was the primary objective explicitly stated in the New Central Bank Act of 1993?

    <p>Maintaining price stability</p> Signup and view all the answers

    Which bank was the first private bank with genuine Filipino capital that opened in 1938?

    <p>Philippine Bank of Commerce</p> Signup and view all the answers

    What was the purpose of creating the Postal Savings Bank in 1906?

    <p>To inculcate the habit of thrift</p> Signup and view all the answers

    In which era were only Filipino and Japanese-owned banks given permission to operate?

    <p>Japanese Era</p> Signup and view all the answers

    What did Executive Order 96 do regarding Japanese occupation deposits?

    <p>Invalidated all Japanese occupation deposits</p> Signup and view all the answers

    What did the General Banking Act provide for all banking institutions?

    <p>Definitive rules of conduct</p> Signup and view all the answers

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