10 Questions
What are banks generally subject to in order to ensure liquidity?
Minimum capital requirements
What is the primary function of a bank?
Accepting deposits and making loans
Which system do most countries institutionalize for banks?
Fractional-reserve banking
In which century did banking in its modern sense evolve?
Fourteenth century
Which is the oldest existing retail bank according to the text?
Banca Monte dei Paschi di Siena (founded in 1472)
What system do most countries institutionalize to ensure liquidity for banks?
Fractional-reserve banking
In what century did banking in its modern sense evolve?
14th century
Which dynasty played a central role in the history of banking over many centuries?
The Medicis
Which international set of capital standards do banks generally comply with?
Basel Accords
Which is the oldest existing merchant bank according to the text?
Berenberg Bank (founded in 1590)
Test your knowledge about banking and financial institutions with this quiz. Explore concepts such as deposit creation, lending activities, and regulatory frameworks in the banking sector.
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