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Banking and Financial Institutions Quiz

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Questions and Answers

What is the main function of a bank?

Managing real estate properties

Providing insurance services

Accepting deposits and making loans (correct)

Offering legal consultation services

Which system do most countries institutionalize for banking?

Fractional-reserve banking (correct)

Full-reserve banking

Centralized banking

Socialist banking

What is the basis for the minimum capital requirements for banks?

IMF regulations

UNESCO standards

Basel Accords (correct)

World Bank guidelines

In which century did banking in its modern sense evolve?

<p>Fourteenth century</p> Signup and view all the answers

Which is the oldest existing retail bank?

<p>Banca Monte dei Paschi di Siena (founded in 1472)</p> Signup and view all the answers

Banking and Financial Institutions Quiz

Choose a study mode

Podcast

Questions and Answers

What is the main function of a bank?

Which system do most countries institutionalize for banking?

What is the basis for the minimum capital requirements for banks?

In which century did banking in its modern sense evolve?

Which is the oldest existing retail bank?

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