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Questions and Answers
What is the main function of a bank?
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?
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?
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?
In which century did banking in its modern sense evolve?
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Which is the oldest existing retail bank?
Which is the oldest existing retail bank?
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