Questions and Answers
What is the system known as under which banks hold liquid assets equal to only a portion of their current liabilities?
Fractional-reserve banking
In what century did banking in its modern sense evolve?
Fourteenth century
What is the international set of capital standards that banks are subject to minimum capital requirements based on?
The Basel Accords
What role do banks play in the economy of a country?
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Where did the ideas and concepts of credit and lending that influenced modern banking have their roots?
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