5 Questions
What is fractional-reserve banking?
A system where banks hold liquid assets equal to only a portion of their current liabilities
When did banking in its modern sense evolve?
Fourteenth century in Renaissance Italy
What are the Basel Accords?
An international set of capital standards for banks
Which is the oldest existing retail bank?
Banca Monte dei Paschi di Siena (founded in 1472)
What is the role of most banking dynasties mentioned in the text?
Played a central role in the history of banking over many centuries
Test your knowledge of banking and financial institutions with this quiz. Explore topics such as deposit taking, lending activities, financial stability, and banking regulations.
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