Banking System Overview

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Questions and Answers

What system do most countries institutionalize in banking?

  • Investment banking
  • Centralized banking
  • Full-reserve banking
  • Fractional-reserve banking (correct)

In which century did banking in its modern sense evolve?

  • Fourteenth century (correct)
  • Eighteenth century
  • Sixteenth century
  • Twelfth century

Which international set of capital standards are banks generally subject to?

  • The Basel Accords (correct)
  • The Sarbanes-Oxley Act
  • The Dodd-Frank Act
  • The Glass-Steagall Act

Which is the oldest existing retail bank?

<p>Banca Monte dei Paschi di Siena (founded in 1472) (B)</p> Signup and view all the answers

Which banking dynasty played a central role over many centuries?

<p>Rothschilds (B)</p> Signup and view all the answers

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

<p>Fractional-reserve banking (A)</p> Signup and view all the answers

Which is the oldest existing merchant bank?

<p>Berenberg Bank (B)</p> Signup and view all the answers

In which century did banking in its modern sense evolve?

<p>14th century (B)</p> Signup and view all the answers

What is the primary function of a bank?

<p>Accept deposits and make loans (C)</p> Signup and view all the answers

Which international set of capital standards are banks generally subject to?

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

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