Banking System Quiz
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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?

  • 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?

  • Variable capital requirements
  • Maximum capital requirements
  • Minimum capital requirements (correct)
  • No capital requirements
  • 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?

    <p>Renaissance Italy</p> Signup and view all the answers

    What role have a number of banking dynasties played over many centuries in the history of banking?

    <p>Central role</p> Signup and view all the answers

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