5 Questions
What is the main function of a bank?
Accepting deposits and making loans
Which system do most countries institutionalize for banking?
Fractional-reserve banking
What is the basis for the minimum capital requirements for banks?
Basel Accords
In which century did banking in its modern sense evolve?
Fourteenth century
Which is the oldest existing retail bank?
Banca Monte dei Paschi di Siena (founded in 1472)
Test your knowledge about banks and financial institutions with this quiz. Explore topics such as deposit acceptance, lending activities, regulations, and financial stability.
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