Banking and Financial Institutions

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What is the primary function of a bank?

Accepting deposits and making loans

What is fractional-reserve banking?

A system where banks hold liquid assets equal to only a portion of their liabilities

What are banks generally subject to in order to ensure stability?

Minimum capital requirements based on international standards

Where did banking in its modern sense evolve?

Renaissance Italy

What is the oldest existing retail bank?

Banca Monte dei Paschi di Siena (founded in 1472)

Test your knowledge about the functions and regulations of banks and financial institutions, including lending activities, deposits, and fractional-reserve banking.

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