5 Questions
What is the system known as where banks hold liquid assets equal to only a portion of their current liabilities?
Fractional-reserve banking
In which century did banking in its modern sense evolve?
14th century
Which is the oldest existing retail bank mentioned in the text?
Banca Monte dei Paschi di Siena
Which international set of capital standards are banks generally subject to minimum capital requirements based on?
The Basel Accords
In the history of banking, which banking dynasty played a central role over many centuries?
The Medicis
Test your knowledge of the banking system with this quiz. Explore topics such as deposit creation, lending activities, financial stability, and banking regulations.
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