Banking and Finance Quiz
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Questions and Answers

What is the system known as under which banks hold liquid assets equal to only a portion of their current liabilities?

  • Fractional-reserve banking (correct)
  • Residual banking
  • Centralized banking
  • Full-reserve banking
  • In what century did banking in its modern sense evolve?

  • Fourteenth century (correct)
  • Fifteenth century
  • Seventeenth century
  • Eighteenth century
  • What is the international set of capital standards that banks are subject to minimum capital requirements based on?

  • The Vienna Treaties
  • The Zurich Agreements
  • The Geneva Protocols
  • The Basel Accords (correct)
  • What role do banks play in the economy of a country?

    <p>Important role in financial stability and the economy</p> Signup and view all the answers

    Where did the ideas and concepts of credit and lending that influenced modern banking have their roots?

    <p>Ancient world</p> Signup and view all the answers

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