10 Questions
What system do most countries institutionalize in banking?
Fractional-reserve banking
In which century did banking in its modern sense evolve?
Fourteenth century
Which international set of capital standards are banks generally subject to?
The Basel Accords
Which is the oldest existing retail bank?
Banca Monte dei Paschi di Siena (founded in 1472)
Which banking dynasty played a central role over many centuries?
Rothschilds
What is the system known as under which banks hold liquid assets equal to only a portion of their current liabilities?
Fractional-reserve banking
Which is the oldest existing merchant bank?
Berenberg Bank
In which century did banking in its modern sense evolve?
14th century
What is the primary function of a bank?
Accept deposits and make loans
Which international set of capital standards are banks generally subject to?
The Basel Accords
Test your knowledge about the functions and regulations of banks in the financial system. Learn about deposit creation, lending activities, and the role of banks in the economy.
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