6 Questions
What is the role of a bank in the financial system?
A bank accepts deposits from the public, creates demand deposits, and makes loans, thus playing an important role in financial stability and the economy of a country.
How has banking evolved over time?
Banking in its modern sense evolved in the fourteenth century in Renaissance Italy, but it functioned as a continuation of credit and lending concepts from the ancient world.
What is fractional-reserve banking?
Fractional-reserve banking is a system under which banks hold liquid assets equal to only a portion of their current liabilities.
Can you name the oldest existing retail bank and merchant bank?
The oldest existing retail bank is Banca Monte dei Paschi di Siena (founded in 1472), and the oldest existing merchant bank is Berenberg Bank (founded in 1590).
What are the Basel Accords and their significance for banks?
The Basel Accords are an international set of capital standards that impose minimum capital requirements and regulations to ensure liquidity for banks.
What is the gdp at market price
Test your knowledge about banking and financial institutions with this quiz. Learn about the role of banks in the economy, lending activities, regulations, and more.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
