Banking System Overview

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Questions and Answers

What is the system known as where banks hold liquid assets equal to only a portion of their current liabilities?

  • Full-reserve banking
  • Reserve-free banking
  • Centralized banking
  • Fractional-reserve banking (correct)

In which century did banking in its modern sense evolve?

  • 14th century (correct)
  • 13th century
  • 15th century
  • 16th century

Which is the oldest existing retail bank mentioned in the text?

  • Berenberg Bank
  • Medicis Bank
  • Banca Monte dei Paschi di Siena (correct)
  • Rothschild Bank

Which international set of capital standards are banks generally subject to minimum capital requirements based on?

<p>The Basel Accords (A)</p> Signup and view all the answers

In the history of banking, which banking dynasty played a central role over many centuries?

<p>The Medicis (C)</p> Signup and view all the answers

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