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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?
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?
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?
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?
Which international set of capital standards are banks generally subject to minimum capital requirements based on?
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In the history of banking, which banking dynasty played a central role over many centuries?
In the history of banking, which banking dynasty played a central role over many centuries?
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