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Questions and Answers
What is the system known as under which banks hold liquid assets equal to only a portion of their current liabilities?
What is the system known as under which banks hold liquid assets equal to only a portion of their current liabilities?
- Full-reserve banking
- Residual-reserve banking
- Fractional-reserve banking (correct)
- Central-reserve banking
In addition to other regulations, what are banks generally subject to based on an international set of capital standards?
In addition to other regulations, what are banks generally subject to based on an international set of capital standards?
- Variable capital requirements
- Maximum capital requirements
- Minimum capital requirements (correct)
- No capital requirements
Which bank is the oldest existing retail bank?
Which bank is the oldest existing retail bank?
- Berenberg Bank (founded in 1590)
- The Medicis Bank (founded in 1400)
- Banca Monte dei Paschi di Siena (founded in 1472) (correct)
- The Fuggers Bank (founded in 1500)
Where did banking in its modern sense evolve in the fourteenth century?
Where did banking in its modern sense evolve in the fourteenth century?
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What role have a number of banking dynasties played over many centuries in the history of banking?
What role have a number of banking dynasties played over many centuries in the history of banking?
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