Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
What is the system known as under which banks hold liquid assets equal to only a portion of their current liabilities?
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?
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?
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?
What role do banks play in the economy of a country?
Signup and view all the answers
Where did the ideas and concepts of credit and lending that influenced modern banking have their roots?
Where did the ideas and concepts of credit and lending that influenced modern banking have their roots?
Signup and view all the answers
Flashcards are hidden until you start studying
